Harmonized Index of Consumer Prices: Education for Norway
CP1000NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.40
Year-over-Year Change
5.02%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices for Education in Norway measures changes in the prices of educational goods and services purchased by consumers. This key economic indicator provides insight into inflationary pressures and consumer purchasing power within the Norwegian education 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 used across the European Union. The Education component of the HICP specifically tracks price changes for items like tuition fees, school supplies, and other educational expenditures for Norwegian households.
Methodology
The Norwegian statistics agency collects price data from a representative sample of educational institutions and retailers to calculate the monthly HICP for Education.
Historical Context
Policymakers and economists monitor the HICP Education index to assess cost-of-living dynamics and the affordability of education for Norwegian consumers.
Key Facts
- The HICP Education index has a base year of 2015.
- Education accounts for about 3% of the total Norwegian consumer price index.
- Prices for Norwegian education have risen over 10% since 2015.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Education in Norway tracks changes in the prices of educational goods and services purchased by Norwegian consumers.
Q: Why is this trend relevant for users or analysts?
A: The HICP Education index provides important insights into inflationary pressures and affordability within the Norwegian education sector, which is crucial data for policymakers and economists.
Q: How is this data collected or calculated?
A: The Norwegian statistics agency collects price data from a representative sample of educational institutions and retailers to calculate the monthly HICP for Education.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor the HICP Education index to assess cost-of-living dynamics and the affordability of education for Norwegian consumers.
Q: Are there update delays or limitations?
A: The HICP Education data is published monthly with a typical 1-2 month lag, providing timely insights into evolving price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Education for Norway (CP1000NOM086NEST), retrieved from FRED.