Harmonized Index of Consumer Prices: Overall Index Excluding Energy and Seasonal Food for Norway
00XESENOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.50
Year-over-Year Change
2.89%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Energy and Seasonal Food for Norway measures the change in consumer prices for a broad basket of goods and services, excluding the volatile energy and seasonal food components. This provides a more stable indicator of underlying 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 HICP Excluding Energy and Seasonal Food is a key economic indicator used by policymakers and analysts to gauge the overall price dynamics in Norway, while filtering out temporary price swings in energy and seasonal food items. It serves as an important input for monetary policy decisions by the Norges Bank.
Methodology
The data is collected by Statistics Norway through a nationwide survey of consumer prices.
Historical Context
This index is closely monitored by the Norges Bank and other institutions to assess inflationary trends and inform economic policy.
Key Facts
- The HICP Excluding Energy and Seasonal Food is a key indicator of underlying inflation in Norway.
- The index excludes volatile energy and seasonal food prices to provide a more stable measure of price trends.
- The Norges Bank uses this index as an input for monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) Excluding Energy and Seasonal Food for Norway measures the change in consumer prices for a broad basket of goods and services, excluding the volatile energy and seasonal food components.
Q: Why is this trend relevant for users or analysts?
A: This index provides a more stable indicator of underlying inflationary pressures in the Norwegian economy, which is crucial for policymakers and analysts to assess price dynamics and inform economic decisions.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Norway through a nationwide survey of consumer prices.
Q: How is this trend used in economic policy?
A: The HICP Excluding Energy and Seasonal Food is closely monitored by the Norges Bank and other institutions to assess inflationary trends and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Energy and Seasonal Food for Norway (00XESENOM086NEST), retrieved from FRED.