Harmonized Index of Consumer Prices: Electricity for Norway
CP0451NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
230.40
Year-over-Year Change
12.94%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Electricity in Norway measures the changes in prices paid by Norwegian consumers for electricity. This trend is a key indicator of inflationary pressures in the Norwegian energy sector.
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 Electricity in Norway is a component of the broader HICP, which tracks the prices of a basket of consumer goods and services across the Eurozone. The electricity subindex provides insight into the cost of living and price dynamics in the Norwegian energy market.
Methodology
The data is collected by Statistics Norway through a monthly survey of electricity providers and prices.
Historical Context
Policymakers and analysts use this trend to assess the impact of energy costs on Norwegian household budgets and overall inflation.
Key Facts
- Norway is the largest producer of electricity in the Nordic region.
- Electricity accounts for a significant portion of Norwegian household budgets.
- Prices for electricity in Norway have fluctuated due to factors like hydropower availability.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Electricity in Norway measures the changes in prices paid by Norwegian consumers for electricity.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into inflationary pressures in the Norwegian energy sector, which is important for understanding the cost of living and overall economic conditions in Norway.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Norway through a monthly survey of electricity providers and prices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the impact of energy costs on Norwegian household budgets and overall inflation, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be occasional delays or revisions due to the survey-based collection method.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Electricity for Norway (CP0451NOM086NEST), retrieved from FRED.