Harmonized Index of Consumer Prices: Household Appliances for Norway
CP0530NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.80
Year-over-Year Change
-0.93%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices for Household Appliances measures the price changes of household appliances in Norway. This metric is crucial for analyzing consumer spending and inflationary pressures.
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 consumer price inflation across European Union countries. The Household Appliances component tracks the prices of major home appliances like refrigerators, washing machines, and ovens.
Methodology
The data is collected through surveys of consumer purchases and retailer prices.
Historical Context
Policymakers and economists use this index to understand changes in the cost of living and set appropriate monetary policies.
Key Facts
- Norway's HICP for Household Appliances has a base year of 2015.
- This index is published monthly by Eurostat.
- Household Appliances account for about 3% of the total HICP basket in Norway.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Household Appliances measures the changes in prices of major home appliances in Norway.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for analyzing consumer spending patterns and inflationary pressures in the Norwegian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and retailer prices.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to understand changes in the cost of living and set appropriate monetary policies.
Q: Are there update delays or limitations?
A: The Household Appliances HICP for Norway is published monthly by Eurostat with no significant delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Household Appliances for Norway (CP0530NOM086NEST), retrieved from FRED.