Harmonized Index of Consumer Prices: Other Medical Products, Therapeutic Appliances and Equipment for Norway
CP0612NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.40
Year-over-Year Change
4.12%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Other Medical Products, Therapeutic Appliances and Equipment for Norway measures the price changes of medical goods and equipment in Norway. This index is a key indicator for assessing the cost of healthcare and consumer spending in the Norwegian economy.
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 inflation across European Union countries. The Other Medical Products, Therapeutic Appliances and Equipment component tracks the prices of a basket of medical goods and equipment, providing insight into the cost of healthcare for Norwegian consumers.
Methodology
The data is collected through surveys of consumer prices by Statistics Norway.
Historical Context
This HICP index is used by policymakers and analysts to monitor inflationary pressures and consumer trends in the Norwegian healthcare market.
Key Facts
- The base year for this HICP index is 2015.
- Norway's HICP for medical products and equipment rose by 2.3% in 2022.
- This index is part of the broader HICP basket that tracks inflation across the Eurozone.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Other Medical Products, Therapeutic Appliances and Equipment for Norway measures the changes in prices for a basket of medical goods and equipment purchased by Norwegian consumers.
Q: Why is this trend relevant for users or analysts?
A: This HICP index provides valuable insight into inflationary pressures and consumer spending in the Norwegian healthcare market, which is crucial information for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by Statistics Norway.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this HICP index to monitor inflation and consumer trends in the Norwegian healthcare sector, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat with a lag of approximately two months.
Related Trends
Deposit Money Bank Assets to GDP for Norway
DDDI02NOA156NWDB
Infra-Annual Labor Statistics: Unemployment Female: From 25 to 54 Years for Norway
LFUN25FENOA647S
Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Norway
LFUN24TTNOA647S
Number of Bank Branches for Norway
DDAI02NOA643NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Norway
NORCPHPEN01GYM
Financial System Deposits to GDP for Norway
DDDI08NOA156NWDB
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Medical Products, Therapeutic Appliances and Equipment for Norway (CP0612NOM086NEST), retrieved from FRED.