Harmonized Index of Consumer Prices: Furnishings, Household Equipment and Routine Household Maintenance for Norway
CP0500NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.50
Year-over-Year Change
1.00%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices for Furnishings, Household Equipment and Routine Household Maintenance in Norway measures changes in the prices of these consumer goods and services. It is a key indicator for understanding household spending and inflationary pressures.
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
This index tracks the prices of a basket of household furnishings, appliances, cleaning products, and other routine maintenance items purchased by Norwegian consumers. It is part of the broader Harmonized Index of Consumer Prices (HICP), a harmonized measure of inflation used across the European Union.
Methodology
The data is collected through regular surveys of consumer prices by Norway's national statistical agency.
Historical Context
Policymakers and analysts use this index to assess the cost of living and inflationary trends in the Norwegian economy.
Key Facts
- Norway's household furnishings index has risen by 10.2% over the past 5 years.
- Household equipment and maintenance costs make up around 5% of the average Norwegian household's monthly expenditures.
- The furnishings index is a component of Norway's overall Harmonized Index of Consumer Prices (HICP).
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of a basket of household furnishings, appliances, cleaning products, and other routine maintenance items purchased by Norwegian consumers.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and the cost of living for Norwegian households, which is relevant for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer prices by Norway's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the cost of living and inflationary trends in the Norwegian economy, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is updated monthly, with a typical 1-2 month delay in data availability.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Furnishings, Household Equipment and Routine Household Maintenance for Norway (CP0500NOM086NEST), retrieved from FRED.