Harmonized Index of Consumer Prices: Non-Energy Industrial Goods for Norway
IGDSXENOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.00
Year-over-Year Change
0.80%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Non-Energy Industrial Goods in Norway measures changes in the prices of industrial goods excluding energy products. This metric is a key indicator of underlying inflationary pressures.
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 HICP Non-Energy Industrial Goods index tracks the prices of manufactured products such as clothing, household appliances, and consumer electronics in Norway. It is a critical component of the overall HICP, which is the standard measure of inflation used by the European Union.
Methodology
The data is collected through a survey of retailers and producers, with prices weighted by household consumption patterns.
Historical Context
The HICP Non-Energy Industrial Goods index helps policymakers and analysts assess price dynamics and inflationary trends in the Norwegian economy.
Key Facts
- The base year for the HICP series is 2015.
- Norway is a member of the European Economic Area (EEA).
- The HICP is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Non-Energy Industrial Goods in Norway measures changes in the prices of manufactured products, excluding energy, that are purchased by Norwegian households.
Q: Why is this trend relevant for users or analysts?
A: The HICP Non-Energy Industrial Goods index is a key indicator of underlying inflationary pressures in the Norwegian economy, helping policymakers and analysts assess price dynamics and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retailers and producers, with prices weighted by household consumption patterns.
Q: How is this trend used in economic policy?
A: The HICP Non-Energy Industrial Goods index is used by the European Central Bank and other policymakers to monitor inflationary trends and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat with minimal delays, providing timely information on price developments in Norway.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Non-Energy Industrial Goods for Norway (IGDSXENOM086NEST), retrieved from FRED.