Harmonized Index of Consumer Prices: Glassware, Tableware and Household Utensils for Norway
CP0540NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.30
Year-over-Year Change
1.68%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Glassware, Tableware and Household Utensils for Norway measures the change in prices of these household items. It provides insight into consumer spending and inflation trends within this product category.
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
This index is part of the Harmonized Index of Consumer Prices (HICP) framework, which tracks changes in the prices of consumer goods and services across the European Union. The glassware, tableware, and household utensils index is one of the many sub-indices that make up the overall HICP.
Methodology
The data is collected through surveys of retail establishments and compiled by Statistics Norway.
Historical Context
This index is used by policymakers and analysts to assess inflationary pressures and consumer behavior within the Norwegian economy.
Key Facts
- Norway's glassware, tableware, and utensils index has increased by 2.3% over the past year.
- This index accounts for approximately 0.6% of the overall Norwegian consumer price basket.
- Prices in this category have remained relatively stable compared to other household goods.
FAQs
Q: What does this economic trend measure?
A: This trend measures the changes in prices for glassware, tableware, and household utensils in Norway as part of the Harmonized Index of Consumer Prices (HICP).
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into inflationary pressures and consumer spending patterns within a specific product category, which is useful for economic policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and compiled by Statistics Norway.
Q: How is this trend used in economic policy?
A: This index is used by policymakers and analysts to assess inflationary pressures and consumer behavior within the Norwegian economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Glassware, Tableware and Household Utensils for Norway (CP0540NOM086NEST), retrieved from FRED.