Harmonized Index of Consumer Prices: Services Related to Housing for Norway
SERVHONOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.50
Year-over-Year Change
3.66%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Services Related to Housing for Norway measures the price changes of housing-related services in Norway. This indicator is crucial for economists and policymakers to understand inflationary pressures and the cost of living in the country.
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 (HICP) is a standardized measure of inflation used across European Union countries. The Services Related to Housing component specifically tracks the prices of services like rent, utilities, and home maintenance, providing insight into a key driver of the overall cost of living.
Methodology
The data is collected through a nationwide survey of consumer prices by Statistics Norway.
Historical Context
Policymakers use this index to inform monetary and fiscal policies aimed at maintaining price stability.
Key Facts
- Norway's housing services inflation rate was 4.2% in 2022.
- The index has a base year of 2015 = 100.
- Data is released monthly by Statistics Norway.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Services Related to Housing for Norway measures the price changes of housing-related services like rent, utilities, and home maintenance in the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides crucial insights into inflationary pressures and the cost of living in Norway, which is vital information for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices by Statistics Norway.
Q: How is this trend used in economic policy?
A: Policymakers use this index to inform monetary and fiscal policies aimed at maintaining price stability in Norway.
Q: Are there update delays or limitations?
A: The data is released monthly by Statistics Norway with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services Related to Housing for Norway (SERVHONOM086NEST), retrieved from FRED.