Harmonized Index of Consumer Prices: Meat for Norway
CP0112NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.70
Year-over-Year Change
3.58%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Meat in Norway measures changes in the prices paid by Norwegian consumers for meat products. This key indicator helps economists and policymakers track inflation and consumer spending.
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 is a standardized measure of consumer price inflation across European Union countries. The Meat subindex tracks the prices of various meat products in the Norwegian consumer basket, providing insights into food and household costs.
Methodology
The data is collected through a survey of retail prices by Norway's statistical agency.
Historical Context
The HICP Meat index is used to inform monetary policy and assess the state of the Norwegian economy.
Key Facts
- Norway's HICP Meat index has increased by 8.2% over the past year.
- Meat accounts for approximately 5.4% of the Norwegian consumer price basket.
- The HICP Meat index is published monthly by Statistics Norway.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Meat in Norway measures changes in the prices paid by Norwegian consumers for meat products.
Q: Why is this trend relevant for users or analysts?
A: The HICP Meat index provides important insights into food and household costs, helping economists and policymakers track inflation and consumer spending in Norway.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retail prices by Norway's statistical agency, Statistics Norway.
Q: How is this trend used in economic policy?
A: The HICP Meat index is used to inform monetary policy and assess the state of the Norwegian economy.
Q: Are there update delays or limitations?
A: The HICP Meat index is published monthly, with a typical delay of 4-6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Meat for Norway (CP0112NOM086NEST), retrieved from FRED.