Harmonized Index of Consumer Prices: Recreational and Cultural Services for Norway
CP0940NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
158.60
Year-over-Year Change
3.66%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Recreational and Cultural Services measures price changes for services related to leisure, entertainment, and cultural activities in Norway. This metric is a key indicator for assessing consumer price inflation and purchasing power dynamics.
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 Recreational and Cultural Services index tracks the prices paid by Norwegian consumers for a basket of recreational, cultural, and entertainment services over time. It is used by policymakers and economists to gauge inflationary pressures and consumer behavior in this important sector of the economy.
Methodology
The data is collected through regular surveys of consumer prices by Statistics Norway.
Historical Context
This index helps inform monetary and fiscal policy decisions in Norway.
Key Facts
- Norway's HICP for Recreational Services has a base year of 2015.
- Recreational and cultural services account for over 7% of Norwegian consumer spending.
- Prices in this sector have risen by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Recreational and Cultural Services measures price changes for a variety of entertainment, leisure, and cultural services purchased by Norwegian consumers.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and consumer behavior in a key sector of the Norwegian economy, informing economic policymaking and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through regular consumer price surveys conducted by Statistics Norway.
Q: How is this trend used in economic policy?
A: The HICP for Recreational and Cultural Services helps Norwegian policymakers and central bankers assess inflationary dynamics and make informed monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: This data is published monthly by Statistics Norway with a lag of approximately 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Recreational and Cultural Services for Norway (CP0940NOM086NEST), retrieved from FRED.