Index 2015=100
NORCPIHICQINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.83
Year-over-Year Change
6.89%
Date Range
1/1/1995 - 7/1/2015
Summary
The Index 2015=100 measures the consumer price index (CPI) for Norway, with 2015 as the base year. This key economic indicator tracks inflation and cost-of-living changes 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 Index 2015=100 is a price index that measures the average change in prices paid by Norwegian consumers for a basket of goods and services. It is a widely used metric for assessing the purchasing power of the Norwegian krone and monitoring the country's inflationary trends.
Methodology
The Norwegian CPI data is collected through surveys of consumer expenditures and retail prices.
Historical Context
Policymakers at Norway's central bank use the CPI index to guide monetary policy decisions and maintain price stability.
Key Facts
- The base year for the index is 2015.
- Norway's CPI reached a record high in 2022.
- The index is published monthly by Statistics Norway.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100 measures changes in the prices of consumer goods and services in Norway, with 2015 as the base year.
Q: Why is this trend relevant for users or analysts?
A: The CPI index is a key indicator of inflation and cost-of-living changes in Norway, which is crucial for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and retail prices by Statistics Norway.
Q: How is this trend used in economic policy?
A: Norway's central bank uses the CPI index to guide monetary policy decisions and maintain price stability in the Norwegian economy.
Q: Are there update delays or limitations?
A: The index is published monthly, with a slight delay, and may not capture all price changes in the Norwegian economy.
Related Trends
Producer Prices Index: Type of Goods: Investments Goods: Total for Norway
NORPITGVG01GYM
Balance of Payments: Financial Account: Assets (or Net Acquisition of Assets) for Norway
NORB6FATC01CXCUQ
Business Tendency Surveys: Rate of Capacity Utilisation: Economic Activity: Manufacturing: Current for Norway
BSCURT02NOQ160S
International Trade: Exports: Value (Goods): Total for Norway
XTEXVA01NOQ188S
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for Norway
LRHUTTMANOM156S
Population, Total for Norway
POPTOTNOA647NWDB
Citation
U.S. Federal Reserve, Index 2015=100 (NORCPIHICQINMEI), retrieved from FRED.