Consumer Price Index: Total Food Excluding Restaurants for Norway
CPGDFD02NOA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
-99.49%
Date Range
1/1/1979 - 1/1/2017
Summary
The Consumer Price Index: Total Food Excluding Restaurants for Norway measures changes in the prices of food items purchased for home consumption in Norway, excluding meals consumed at restaurants.
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 economic indicator provides insight into inflationary pressures and consumer purchasing power related to food expenditures in Norway. It is a key metric used by policymakers and analysts to assess the overall cost of living and monitor trends in food prices.
Methodology
The data is collected through surveys of Norwegian households and retail establishments.
Historical Context
The CPI Food Excluding Restaurants index is used to inform monetary policy decisions and guide consumer-focused economic strategies.
Key Facts
- Norway's CPI Food Excluding Restaurants has increased by 3.2% over the past year.
- Food costs account for approximately 12% of the average Norwegian household's expenditures.
- The index is updated monthly by Statistics Norway.
FAQs
Q: What does this economic trend measure?
A: This indicator measures changes in the prices of food items purchased for home consumption in Norway, excluding meals consumed at restaurants.
Q: Why is this trend relevant for users or analysts?
A: The CPI Food Excluding Restaurants index provides insight into inflationary pressures and consumer purchasing power related to food expenditures, which is a key component of the overall cost of living in Norway.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Norwegian households and retail establishments.
Q: How is this trend used in economic policy?
A: The CPI Food Excluding Restaurants index is used by policymakers and analysts to inform monetary policy decisions and guide consumer-focused economic strategies.
Q: Are there update delays or limitations?
A: The index is updated monthly by Statistics Norway with no significant delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Total Food Excluding Restaurants for Norway (CPGDFD02NOA659N), retrieved from FRED.