Harmonized Index of Consumer Prices: Tobacco for Norway
CP0220NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.40
Year-over-Year Change
5.40%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Tobacco for Norway measures the price changes of tobacco products in Norway. It is a key indicator for monitoring inflation and consumer spending trends.
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) for Tobacco in Norway tracks the retail prices of various tobacco products, including cigarettes, cigars, and other smoking items. This index is an important economic indicator used to assess inflationary pressures and consumer purchasing power within the Norwegian economy.
Methodology
The Norwegian HICP for Tobacco is calculated monthly by Statistics Norway based on surveys of retail prices.
Historical Context
Policymakers and economists closely monitor this index to understand the impact of tobacco-related taxes and regulations on consumer behavior and inflation.
Key Facts
- Norway's HICP for Tobacco has risen by 18% over the past 5 years.
- Tobacco accounts for approximately 2% of the total Norwegian consumer price index basket.
- The Norwegian government imposes high taxes on tobacco products to discourage smoking.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Tobacco in Norway tracks the retail prices of various tobacco products, including cigarettes, cigars, and other smoking items.
Q: Why is this trend relevant for users or analysts?
A: This index is an important economic indicator used to assess inflationary pressures and consumer purchasing power within the Norwegian economy, particularly related to tobacco products.
Q: How is this data collected or calculated?
A: The Norwegian HICP for Tobacco is calculated monthly by Statistics Norway based on surveys of retail prices.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this index to understand the impact of tobacco-related taxes and regulations on consumer behavior and inflation.
Q: Are there update delays or limitations?
A: The HICP for Tobacco in Norway is published monthly with minimal update delays, providing timely data for analysis.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Tobacco for Norway (CP0220NOM086NEST), retrieved from FRED.