Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Norway
Quarterly
NORCP010000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.67
Year-over-Year Change
25.77%
Date Range
1/1/1979 - 1/1/2025
Summary
The Quarterly trend measures the nominal output per hour, or labor productivity, of the nonfarm business sector in the United States on a quarterly basis. This metric is a key indicator of economic growth and competitiveness.
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 Quarterly series tracks the real output per hour worked in the nonfarm business sector, providing insight into labor productivity and efficiency trends. This measure is widely used by economists, policymakers, and analysts to assess the overall health and competitiveness of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and labor force statistics.
Historical Context
Quarterly productivity data informs economic policy decisions and is closely watched by financial markets.
Key Facts
- Quarterly productivity grew 1.7% in Q4 2022.
- The U.S. has experienced steady productivity gains over the past decade.
- Productivity is a key driver of long-term economic expansion.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures the output per hour worked in the nonfarm business sector of the U.S. economy on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Quarterly productivity data is a crucial indicator of economic growth, competitiveness, and efficiency, informing decision-making by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and labor force statistics.
Q: How is this trend used in economic policy?
A: Quarterly productivity data is closely watched by policymakers and informs decisions on economic, fiscal, and monetary policies aimed at promoting growth and competitiveness.
Q: Are there update delays or limitations?
A: The Quarterly productivity data is released with a lag of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly (NORCP010000IXOBQ), retrieved from FRED.