Harmonized Index of Consumer Prices: Passenger Transport by Road for Norway
CP0732NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.00
Year-over-Year Change
3.63%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Passenger Transport by Road for Norway measures the change in prices paid by consumers for road passenger transport services in Norway. This metric is a key indicator of inflation and consumer spending in the transportation 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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation across European Union countries. The Passenger Transport by Road component specifically tracks the prices of services like taxis, buses, and other road-based passenger transport.
Methodology
The data is collected through a survey of consumer prices and calculated according to Eurostat's HICP methodology.
Historical Context
Policymakers and analysts use this index to understand broader inflationary pressures and consumer behavior.
Key Facts
- Norway's HICP Passenger Transport by Road index has a 2015 base year.
- Passenger transport accounts for over 4% of the total HICP basket in Norway.
- Prices for this category have risen 15% since 2015.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in consumer prices for passenger transport services by road in Norway, as part of the broader Harmonized Index of Consumer Prices.
Q: Why is this trend relevant for users or analysts?
A: The Passenger Transport by Road index provides insight into inflationary pressures and consumer spending in a key transportation sector, which is crucial for understanding the overall state of the Norwegian economy.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys and calculated according to Eurostat's standardized HICP methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor inflation and consumer behavior, which informs decisions around monetary policy, government spending, and other economic interventions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical 1-2 month lag. There may be some limitations in sampling or methodological changes over time.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Passenger Transport by Road for Norway (CP0732NOM086NEST), retrieved from FRED.