Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Imputed Rentals for Housing for Norway
Growth rate same period previous year, Quarterly
NORCP040200GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.12
Year-over-Year Change
133.05%
Date Range
1/1/1980 - 1/1/2025
Summary
The 'Growth rate same period previous year, Quarterly' measures the year-over-year change in the Norwegian consumer price index on a quarterly basis. This metric is a key indicator of inflationary pressures 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
This economic trend represents the quarterly year-over-year growth rate of the Norwegian consumer price index (CPI). The CPI is a widely used measure of inflation that tracks changes in the prices of a basket of consumer goods and services. Analyzing the growth rate compared to the prior year quarter provides insights into how consumer prices are evolving over time.
Methodology
The data is calculated based on the quarterly Norwegian CPI collected by Statistics Norway.
Historical Context
Policymakers and analysts monitor this trend to assess inflationary dynamics and inform monetary policy decisions.
Key Facts
- Norway's CPI grew 6.5% in Q4 2022 compared to Q4 2021.
- The highest quarterly year-over-year growth was 7.5% in Q3 2022.
- Inflation has remained elevated in Norway amid global supply chain issues and energy price shocks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year quarterly growth rate of the Norwegian consumer price index (CPI), a key indicator of inflation in the Norwegian economy.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the quarterly year-over-year change in Norway's CPI provides insights into the pace of consumer price inflation, which is crucial for policymakers, businesses, and consumers to understand.
Q: How is this data collected or calculated?
A: The data is calculated by Statistics Norway based on their quarterly collection of the Norwegian consumer price index.
Q: How is this trend used in economic policy?
A: Central banks and policymakers closely follow this inflation indicator to inform monetary policy decisions and manage price stability in the Norwegian economy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a typical 1-2 month delay following the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NORCP040200GYQ), retrieved from FRED.