Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing for Norway
NORCPGRHO01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.07
Year-over-Year Change
119.08%
Date Range
1/1/1980 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Housing in Norway measures changes in the prices paid by consumers for a basket of housing-related goods and services. It is a key indicator of inflation and cost of living trends.
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 CPI for Housing in Norway is part of the broader Consumer Price Index (CPI), which tracks the average change in prices paid by consumers for a representative basket of goods and services. The Housing CPI specifically focuses on housing-related expenditures, providing insights into inflationary pressures and changes in the cost of living.
Methodology
The data is collected through surveys of consumer expenditures and prices.
Historical Context
The Housing CPI is used by policymakers, economists, and analysts to assess inflationary pressures and inform economic and monetary policy decisions.
Key Facts
- The base year for the Norway Housing CPI is 2015.
- Housing accounts for approximately 23% of the total Norwegian CPI basket.
- The Housing CPI reached a record high in Q2 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Housing in Norway measures changes in the prices paid by consumers for a basket of housing-related goods and services, including rent, utilities, and other housing-related expenditures.
Q: Why is this trend relevant for users or analysts?
A: The Housing CPI is a crucial indicator of inflationary pressures and changes in the cost of living for Norwegian households, providing important insights for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: The Housing CPI is used by the Norwegian government and central bank to assess inflationary pressures and inform monetary and fiscal policy decisions aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The Housing CPI data is typically published on a quarterly basis, with a short delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing for Norway (NORCPGRHO01GYQ), retrieved from FRED.