Harmonized Index of Consumer Prices: Industrial Goods for Norway
IGOODSNOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.60
Year-over-Year Change
1.40%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Industrial Goods in Norway measures the change in retail prices for a basket of manufactured products. It serves as a key indicator of inflation and consumer purchasing power in the Norwegian economy.
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 Industrial Goods index is a component of the broader HICP, which is the standard measure of consumer price inflation across the European Union. It focuses specifically on the prices of durable and non-durable manufactured goods, excluding food, energy, and services.
Methodology
The data is collected through a nationwide survey of consumer prices by Statistics Norway.
Historical Context
The HICP Industrial Goods index is closely monitored by the Norges Bank and other policymakers to inform monetary policy decisions.
Key Facts
- Norway's HICP Industrial Goods index has a base year of 2015.
- The index covers a wide range of manufactured products, from clothing to household appliances.
- Policymakers use the HICP Industrial Goods index to gauge underlying inflationary pressures in the Norwegian economy.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Industrial Goods in Norway measures the change in retail prices for a basket of manufactured products.
Q: Why is this trend relevant for users or analysts?
A: The HICP Industrial Goods index is a key indicator of inflation and consumer purchasing power in the Norwegian economy, closely monitored by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices by Statistics Norway.
Q: How is this trend used in economic policy?
A: The HICP Industrial Goods index is used by the Norges Bank and other policymakers to inform monetary policy decisions in Norway.
Q: Are there update delays or limitations?
A: The HICP Industrial Goods data is published monthly by Statistics Norway with minimal delays.
Related Trends
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Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Norway
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National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Norway
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Norway
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Geographical Outreach: Number of Commercial Banks for Norway
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Industrial Goods for Norway (IGOODSNOM086NEST), retrieved from FRED.