Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Norway
NORCP010000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.20
Year-over-Year Change
3.31%
Date Range
1/1/1979 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Norway measures changes in the retail prices of food and non-alcoholic drink items. It is a key indicator of inflation and consumer purchasing power.
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 CPI for Food and Non-Alcoholic Beverages in Norway is a subcomponent of the overall Consumer Price Index, which tracks price changes for a basket of consumer goods and services. This specific index is widely used by economists, policymakers, and the public to understand trends in the cost of living.
Methodology
The data is collected through regular surveys of retailers and service providers across Norway.
Historical Context
Policymakers at the Norges Bank and other institutions closely monitor this CPI component to inform monetary and fiscal policy decisions.
Key Facts
- Norway's Food and Non-Alcoholic Beverages CPI has a base year of 2015.
- This index accounts for over 15% of the total Norwegian Consumer Price Index.
- Prices in this category have risen by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The CPI for Food and Non-Alcoholic Beverages in Norway measures changes in the retail prices of food and non-alcoholic drink items consumed by Norwegian households.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and changes in the cost of living for Norwegian consumers. It is closely monitored by policymakers, economists, and the public.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retailers and service providers across Norway.
Q: How is this trend used in economic policy?
A: Policymakers at the Norges Bank and other institutions use this CPI component to inform monetary and fiscal policy decisions that impact inflation and consumer purchasing power.
Q: Are there update delays or limitations?
A: The CPI for Food and Non-Alcoholic Beverages in Norway is updated monthly with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Norway (NORCP010000IXOBM), retrieved from FRED.