Harmonized Index of Consumer Prices: Motor Cycles, Bicycles, and Animal Drawn Vehicles for Norway
CP0712NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.20
Year-over-Year Change
-0.98%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Motor Cycles, Bicycles, and Animal Drawn Vehicles in Norway tracks changes in the prices paid by Norwegian consumers for these transportation-related goods over time. This indicator offers insights into a specific component of Norway's overall consumer price inflation.
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 Motor Cycles, Bicycles, and Animal Drawn Vehicles component provides granular data on price trends for these types of transportation products in the Norwegian market.
Methodology
The data is collected through surveys of Norwegian households and businesses.
Historical Context
Policymakers and economists analyze HICP data to assess the broader state of the Norwegian economy and cost of living.
Key Facts
- Norway's HICP for motor cycles, bicycles, and animal drawn vehicles reached a record high in 2022.
- This index accounts for approximately 0.7% of Norway's overall consumer price basket.
- Prices in this category have risen faster than the country's headline inflation rate in recent years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Motor Cycles, Bicycles, and Animal Drawn Vehicles in Norway tracks changes in the prices paid by Norwegian consumers for these transportation-related goods.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides granular insights into a specific component of Norway's overall consumer price inflation, which is crucial for policymakers and economists assessing the broader state of the Norwegian economy and cost of living.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Norwegian households and businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze HICP data, including the Motor Cycles, Bicycles, and Animal Drawn Vehicles component, to assess the state of the Norwegian economy and cost of living.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis, but there may be some delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Motor Cycles, Bicycles, and Animal Drawn Vehicles for Norway (CP0712NOM086NEST), retrieved from FRED.