Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Norway
CPHPTT01NOM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.30
Year-over-Year Change
-36.11%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Norway measures changes in the prices of consumer goods and services. It is a key indicator of inflation and a vital tool for economic policymakers.
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 Norwegian CPI tracks price changes for a basket of consumer items, including food, housing, transportation, and other common household expenditures. It is used to monitor the cost of living and assess the effectiveness of monetary and fiscal policies.
Methodology
The Norwegian CPI is calculated monthly by Statistics Norway based on a survey of retail prices.
Historical Context
The CPI is closely watched by the Norges Bank, Norway's central bank, to inform interest rate and other monetary policy decisions.
Key Facts
- The Norwegian CPI has a base year of 2015.
- Norway's CPI rose 6.5% year-over-year as of December 2022.
- The CPI is published monthly by Statistics Norway.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Norway measures changes in the prices of consumer goods and services purchased by Norwegian households.
Q: Why is this trend relevant for users or analysts?
A: The Norwegian CPI is a key indicator of inflation and a vital tool for economic policymakers and analysts to monitor the cost of living and assess the effectiveness of monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The Norwegian CPI is calculated monthly by Statistics Norway based on a survey of retail prices.
Q: How is this trend used in economic policy?
A: The CPI is closely watched by the Norges Bank, Norway's central bank, to inform interest rate and other monetary policy decisions.
Q: Are there update delays or limitations?
A: The Norwegian CPI is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Norway (CPHPTT01NOM659N), retrieved from FRED.