Harmonized Index of Consumer Prices: Goods (Overall Index Excluding Services) for Norway
GOODS0NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.70
Year-over-Year Change
2.66%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Goods (Overall Index Excluding Services) for Norway measures the price changes of non-service consumer goods in Norway. This metric provides valuable insights into inflationary pressures and the cost of living for Norwegian households.
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: Goods (Overall Index Excluding Services) for Norway is a key economic indicator that tracks the price movements of a basket of consumer goods, excluding services, in Norway. This index is a critical measure for assessing the purchasing power of Norwegian consumers and informing monetary policy decisions.
Methodology
The data is collected through a survey of retail establishments and service providers across Norway.
Historical Context
Policymakers and analysts closely monitor this index to gauge inflationary trends and assess the effectiveness of monetary policies.
Key Facts
- The base year for the index is 2015.
- Norway is a member of the Eurozone, which uses the Harmonized Index of Consumer Prices as its primary inflation measure.
- The index excludes services to focus on price changes for physical goods purchased by Norwegian consumers.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Goods (Overall Index Excluding Services) for Norway measures the changes in the prices of a basket of consumer goods, excluding services, in Norway.
Q: Why is this trend relevant for users or analysts?
A: This index provides crucial insights into inflationary pressures and the cost of living for Norwegian households, which is essential for policymakers and analysts to assess the effectiveness of monetary policies.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retail establishments and service providers across Norway.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this index to gauge inflationary trends and assess the effectiveness of monetary policies in Norway.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with occasional revisions to account for changes in sampling or methodology.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Goods (Overall Index Excluding Services) for Norway (GOODS0NOM086NEST), retrieved from FRED.