Harmonized Index of Consumer Prices: Garments for Norway
CP0312NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.50
Year-over-Year Change
-4.22%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Garments for Norway measures price changes for clothing and footwear items in the Norwegian consumer market. This metric provides valuable insights into inflationary pressures and consumer spending patterns.
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 key economic indicator used to track and compare inflation rates across European Union member states. The Garments component specifically monitors price movements for a basket of apparel, accessories, and footwear products purchased by Norwegian households.
Methodology
The data is collected through surveys of consumer prices by Statistics Norway, the national statistical agency.
Historical Context
Policymakers and analysts utilize this HICP sub-index to assess inflationary trends and consumer behavior within the Norwegian retail sector.
Key Facts
- Norway's garments HICP has a base year of 2015 = 100.
- Clothing and footwear account for around 5% of the total Norwegian CPI basket.
- Apparel prices tend to exhibit seasonal fluctuations in Norway.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Garments for Norway tracks price changes for a basket of clothing, accessories, and footwear items purchased by Norwegian households.
Q: Why is this trend relevant for users or analysts?
A: This HICP sub-index provides valuable insights into inflationary pressures and consumer spending patterns within the Norwegian retail sector, which is crucial information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by Statistics Norway, the national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts utilize this HICP sub-index to assess inflationary trends and consumer behavior within the Norwegian retail market, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Harmonized Index of Consumer Prices data is published monthly by Eurostat with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Garments for Norway (CP0312NOM086NEST), retrieved from FRED.