Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Norway
PITGND02NOM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.39
Year-over-Year Change
15.99%
Date Range
1/1/1995 - 1/1/2023
Summary
The Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Norway is an important economic indicator that measures the wholesale prices of non-durable consumer goods produced in Norway. It provides insights into inflationary pressures and the overall health of the Norwegian manufacturing sector.
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
This index tracks the change in prices received by domestic producers of non-durable consumer goods in Norway. It is a key gauge of producer-level inflation and can signal shifts in consumer demand, production costs, and pricing power within the Norwegian economy.
Methodology
The data is collected through surveys of Norwegian producers and manufacturers.
Historical Context
The Producer Prices Index is closely monitored by the Norwegian Central Bank and other policymakers to inform monetary policy decisions.
Key Facts
- The index has a base year of 2015.
- Norway is a major producer of non-durable consumer goods like food, beverages, and textiles.
- The index is published monthly by the Norwegian Central Bank.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Norway measures the wholesale prices of non-durable consumer goods produced within Norway.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures and the overall health of the Norwegian manufacturing sector, which is crucial information for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Norwegian producers and manufacturers.
Q: How is this trend used in economic policy?
A: The Producer Prices Index is closely monitored by the Norwegian Central Bank and other policymakers to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the Norwegian Central Bank with no significant update delays.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Norway
NORCP010000IXOBM
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
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Norway
NORCP020000GYQ
Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Norway
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Production: Energy: Production and Distribution of Electricity, Gas, Steam, and Air Conditioning: Total for Norway
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Norway (PITGND02NOM661N), retrieved from FRED.