Harmonized Index of Consumer Prices: Social Protection for Norway
CP1240NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84.90
Year-over-Year Change
-17.17%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Social Protection for Norway measures the changes in the prices of consumer goods and services related to social protection in Norway. This trend is a key indicator for understanding the country's cost of living and economic conditions.
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: Social Protection for Norway is a subcomponent of the broader Harmonized Index of Consumer Prices (HICP) for Norway. It tracks the prices of a basket of consumer goods and services specifically related to social protection, such as healthcare, childcare, and income support programs.
Methodology
The data is collected through surveys of businesses and households by Norway's national statistical agency.
Historical Context
This index is used by policymakers, economists, and market analysts to gauge inflationary pressures and the purchasing power of Norwegian consumers.
Key Facts
- Norway's HICP: Social Protection has a base year of 2015.
- The index covers approximately 6% of the total Norwegian HICP basket.
- Prices are collected from over 150,000 retail locations across Norway.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Social Protection for Norway measures the changes in prices of consumer goods and services related to social protection programs in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and the purchasing power of Norwegian consumers, particularly for social protection-related expenditures.
Q: How is this data collected or calculated?
A: The data is collected through comprehensive surveys of businesses and households conducted by Norway's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this index to gauge the cost of living and inform decisions related to social welfare programs, monetary policy, and consumer spending in Norway.
Q: Are there update delays or limitations?
A: The Harmonized Index of Consumer Prices: Social Protection for Norway is published monthly with a typical release lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Social Protection for Norway (CP1240NOM086NEST), retrieved from FRED.