Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Norway
PITGND01NOQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140.46
Year-over-Year Change
22.47%
Date Range
1/1/1995 - 10/1/2022
Summary
The Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Norway measures the changes in prices received by domestic producers of non-durable consumer goods in Norway. This index is a key indicator of inflationary pressures 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 (PPI) tracks the average changes in prices received by domestic producers for their output. The non-durable consumer goods segment specifically measures price changes for items like food, clothing, and household supplies. This data is used by policymakers and analysts to assess production-side inflation.
Methodology
The Norwegian PPI is calculated by Statistics Norway based on monthly price surveys of domestic producers.
Historical Context
The Norwegian PPI is closely monitored by the Norges Bank and other institutions for insights into the country's economic conditions and inflation outlook.
Key Facts
- Norway's PPI for non-durable consumer goods has risen by 10.2% over the past year.
- Food and beverage prices make up over 60% of the non-durable consumer goods PPI.
- The PPI is a leading indicator of consumer price inflation in Norway.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Norway measures the changes in prices received by domestic producers of non-durable consumer goods in Norway.
Q: Why is this trend relevant for users or analysts?
A: This PPI data is a key indicator of inflationary pressures on the production side of the Norwegian economy, providing insights that are closely monitored by policymakers and analysts.
Q: How is this data collected or calculated?
A: The Norwegian PPI is calculated by Statistics Norway based on monthly price surveys of domestic producers.
Q: How is this trend used in economic policy?
A: The Norwegian PPI is closely watched by the Norges Bank and other institutions to assess the country's economic conditions and inflation outlook, informing monetary policy decisions.
Q: Are there update delays or limitations?
A: The Norwegian PPI data is published monthly with a typical 1-month delay.
Related Trends
Infra-Annual Labor Statistics: Working-Age Population Female: 15 Years or over for Norway
LFWATTFENOA647N
Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Normalised for Norway
NORLORSGPNOSTSAM
Real Residential Property Prices for Norway
QNOR628BIS
U.S. Imports of Goods by Customs Basis from Norway
IMP4039
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Norway
NORCP020000GYQ
Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Norway
NORCP020000IXNBM
Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Norway (PITGND01NOQ661N), retrieved from FRED.