Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Norway
NORCPHP0700GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.60
Year-over-Year Change
6.67%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Transport in Norway measures changes in the prices paid by consumers for a basket of transportation-related goods and services. This key economic indicator provides insights into inflation and consumer spending patterns.
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 Transport in Norway is a component of the overall Consumer Price Index, which tracks the prices of a comprehensive basket of consumer goods and services. The Transport CPI specifically focuses on the costs associated with private and public transportation, including vehicle purchases, fuel, maintenance, and fares.
Methodology
The data is collected through regular surveys of prices at retail outlets and service providers across Norway.
Historical Context
The Transport CPI is used by policymakers, economists, and analysts to assess inflationary pressures and consumer behavior within the transportation sector.
Key Facts
- The base year for the Norway Transport CPI is 2015.
- Transportation accounts for approximately 15% of the overall Norwegian CPI basket.
- The Transport CPI is published monthly by Statistics Norway.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Transport in Norway measures changes in the prices paid by consumers for a basket of transportation-related goods and services, including vehicles, fuel, and public transit fares.
Q: Why is this trend relevant for users or analysts?
A: The Transport CPI provides important insights into inflationary pressures and consumer spending patterns within the transportation sector, which is a key component of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices at retail outlets and service providers across Norway.
Q: How is this trend used in economic policy?
A: The Transport CPI is used by policymakers, economists, and analysts to assess inflationary pressures and consumer behavior within the transportation sector, which can inform policy decisions related to transportation infrastructure, taxation, and consumer spending.
Q: Are there update delays or limitations?
A: The Transport CPI is published monthly by Statistics Norway, with a typical release lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Norway (NORCPHP0700GYM), retrieved from FRED.