Harmonized Index of Consumer Prices: Games, Toys and Hobbies for Norway
CP0931NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.30
Year-over-Year Change
-0.36%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Games, Toys and Hobbies in Norway measures the change in prices of these consumer goods over time. This key economic indicator provides insights into Norwegian consumer spending patterns and inflation 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 HICP for Games, Toys and Hobbies is a subcomponent of the overall HICP, which is the standard measure of consumer price inflation in the European Union. This specific index tracks the prices of recreational items like video games, board games, and hobby supplies that Norwegian households purchase.
Methodology
The data is collected through surveys of retailers and service providers across Norway.
Historical Context
Economists and policymakers monitor this HICP subindex to understand discretionary spending habits and assess the broader inflationary environment.
Key Facts
- Norway's HICP for Games, Toys and Hobbies has a weight of 2.86% in the overall consumer price index.
- Prices in this category rose 2.7% year-over-year as of the most recent data.
- Recreational goods make up a larger share of Norwegian household budgets compared to many other European countries.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Games, Toys and Hobbies in Norway measures the change in prices of these recreational consumer goods over time.
Q: Why is this trend relevant for users or analysts?
A: This HICP subindex provides insights into Norwegian consumer spending patterns and discretionary inflation, which are important considerations for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers across Norway.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this HICP subindex to understand household spending habits and assess the broader inflationary environment in Norway.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Games, Toys and Hobbies for Norway (CP0931NOM086NEST), retrieved from FRED.