Producer Prices Index: Economic Activities: Energy: Domestic for Norway
NORPIEAEN02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.53
Year-over-Year Change
-67.11%
Date Range
1/1/1996 - 1/1/2023
Summary
The Producer Prices Index: Economic Activities: Energy: Domestic for Norway measures changes in the wholesale prices of energy products within Norway. This metric is a key indicator of inflationary pressures and industrial production 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 Producer Prices Index tracks price changes at the factory or production level, focusing specifically on energy-related goods and services in Norway. It provides insight into cost pressures faced by producers that may eventually impact consumer prices and broader economic activity.
Methodology
The data is collected through surveys of Norwegian producers and compiled by the country's statistical agency.
Historical Context
Policymakers and analysts use this index to assess the state of Norway's energy sector and its influence on the overall economy.
Key Facts
- Norway is a major exporter of crude oil and natural gas.
- Energy products account for a significant portion of Norway's producer price index.
- Changes in this index can signal shifts in Norway's industrial activity and economic growth.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Energy: Domestic for Norway tracks changes in the wholesale prices of energy-related goods and services produced within the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into cost pressures and inflationary trends in Norway's energy sector, which is a key driver of the country's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Norwegian producers and compiled by the country's statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the state of Norway's energy sector and its influence on the broader economy, which can inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The index is published on a monthly basis, with some potential for slight delays in data availability.
Related Trends
Private Credit by Deposit Money Banks to GDP for Norway
DDDI01NOA156NWDB
Deposit Money Bank Assets to Deposit Money Bank Assets and Central Bank Assets for Norway
DDDI04NOA156NWDB
Consumer Price Index: Harmonized Prices: All Items Less Food, Energy, Tobacco, Alcohol: Total for Norway
NORCPHPLA01GPM
U.S. Imports of Goods by Customs Basis from Norway
IMP4039
Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Norway
LFEM24TTNOA647N
Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Norway
LRUN55TTNOA156N
Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Energy: Domestic for Norway (NORPIEAEN02GYM), retrieved from FRED.