Harmonized Index of Consumer Prices: Maintenance and Repair of the Dwelling for Norway
CP0430NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.80
Year-over-Year Change
2.19%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Maintenance and Repair of the Dwelling in Norway tracks changes in the prices paid by Norwegian consumers for home maintenance and repair services.
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 inflation used across the European Union to assess changes in the overall cost of living. The Maintenance and Repair of the Dwelling component specifically reflects price fluctuations for services related to home upkeep and improvements.
Methodology
This data is collected through consumer surveys and reflects average national prices.
Historical Context
Policymakers and economists use this metric to gauge inflationary pressures and consumer purchasing power.
Key Facts
- Norway's HICP for Maintenance and Repair of the Dwelling has a base year of 2015.
- This index is part of the European Union's Harmonized Index of Consumer Prices.
- The HICP tracks price changes for a fixed basket of consumer goods and services.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices paid by Norwegian consumers for home maintenance and repair services, as part of the Harmonized Index of Consumer Prices (HICP).
Q: Why is this trend relevant for users or analysts?
A: The Maintenance and Repair of the Dwelling HICP is an important indicator of inflationary pressure and consumer purchasing power in Norway's housing market.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and reflects average national prices.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to gauge inflationary pressures and consumer purchasing power, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis with minimal delay, providing timely insights into Norway's consumer price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Maintenance and Repair of the Dwelling for Norway (CP0430NOM086NEST), retrieved from FRED.