Harmonized Index of Consumer Prices: Beer for Norway
CP0213NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.70
Year-over-Year Change
3.28%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Beer in Norway measures the inflation rate of beer prices in the Norwegian consumer market. This trend is a key indicator of consumer price dynamics and an important metric for economic policy analysis.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The HICP for Beer in Norway is a subcomponent of the broader HICP, which tracks the average change in prices paid by consumers for a basket of goods and services. The beer-specific HICP is used to analyze inflation in the Norwegian alcoholic beverages sector and evaluate consumer purchasing power.
Methodology
The data is collected by Norway's statistical agency through monthly surveys of retailers and service providers.
Historical Context
The HICP for Beer in Norway is closely monitored by the Norges Bank, Norway's central bank, to inform monetary policy decisions.
Key Facts
- Beer accounts for over 1% of Norway's total consumer expenditure.
- Prices for beer in Norway are among the highest in Europe.
- The beer HICP has risen steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Beer in Norway measures the inflation rate of beer prices paid by Norwegian consumers.
Q: Why is this trend relevant for users or analysts?
A: The beer HICP is an important indicator of inflationary pressures in the Norwegian alcoholic beverages sector and provides insight into consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retailers and service providers by Norway's statistical agency.
Q: How is this trend used in economic policy?
A: The HICP for Beer in Norway is closely monitored by the Norges Bank, Norway's central bank, to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Beer for Norway (CP0213NOM086NEST), retrieved from FRED.