Harmonized Index of Consumer Prices: Other Articles of Clothing and Clothing Accessories for Norway
CP0313NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.90
Year-over-Year Change
-3.26%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Other Articles of Clothing and Clothing Accessories in Norway measures changes in the prices paid by Norwegian consumers for this category of goods. This metric is a key indicator of inflationary pressures and consumer purchasing power.
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 is a standardized measure of consumer price inflation across European Union member states. The Other Articles of Clothing and Clothing Accessories component tracks the prices of items like socks, belts, scarves, and gloves, providing insight into a critical aspect of Norwegian household expenditures.
Methodology
The Norwegian statistics agency collects retail price data from a representative sample of vendors to calculate this HICP sub-index.
Historical Context
Policymakers and economists monitor the HICP to assess the overall state of the Norwegian economy and make informed decisions.
Key Facts
- The HICP is a standardized metric used across the European Union.
- Other Articles of Clothing and Clothing Accessories account for a significant portion of Norwegian household budgets.
- This HICP sub-index is a valuable indicator of inflationary trends in the Norwegian economy.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Other Articles of Clothing and Clothing Accessories in Norway tracks the prices paid by consumers for a range of clothing items and accessories.
Q: Why is this trend relevant for users or analysts?
A: This HICP sub-index provides important insights into inflationary pressures and consumer purchasing power in the Norwegian economy, which is crucial information for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The Norwegian statistics agency collects retail price data from a representative sample of vendors to calculate this HICP sub-index.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor the HICP to assess the overall state of the Norwegian economy and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis, with a typical release delay of several weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Articles of Clothing and Clothing Accessories for Norway (CP0313NOM086NEST), retrieved from FRED.