Harmonized Index of Consumer Prices: Seasonal Food for Norway
SEAS00NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
158.20
Year-over-Year Change
1.67%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Seasonal Food for Norway measures price changes for a basket of seasonal food items in Norway. This index is a key indicator of inflationary pressures and consumer purchasing power 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 Harmonized Index of Consumer Prices: Seasonal Food is a specialized subset of the broader Norwegian consumer price index, focusing specifically on price trends for fresh and seasonal food products. This metric provides insights into the cost of living and consumer demand for a core component of household expenditures.
Methodology
The data is collected through surveys of retailers and producers, then aggregated and seasonally adjusted by Statistics Norway.
Historical Context
Policymakers and analysts use this index to assess the state of the Norwegian economy and make informed decisions regarding monetary and fiscal policy.
Key Facts
- The index is published monthly by Statistics Norway.
- Norway's seasonal food prices rose 3.2% year-over-year in the latest release.
- Seasonal food accounts for approximately 10% of the Norwegian consumer price index basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Seasonal Food for Norway measures price changes for a basket of seasonal food items in the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures and consumer purchasing power related to a key component of household spending in Norway.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and producers, then aggregated and seasonally adjusted by Statistics Norway.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the state of the Norwegian economy and make informed decisions regarding monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The index is published monthly by Statistics Norway with minimal delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Seasonal Food for Norway (SEAS00NOM086NEST), retrieved from FRED.