Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Norway
NORCP040100GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.52
Year-over-Year Change
-23.89%
Date Range
1/1/1980 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Actual Rentals for Housing in Norway measures the change in prices paid by consumers for rental housing services. This trend is a key indicator of housing affordability and cost of living pressures.
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 Actual Rentals for Housing CPI is a component of the broader Consumer Price Index, which tracks the change in prices for a basket of consumer goods and services. Housing costs are a significant portion of household budgets, making this metric crucial for policymakers and economists analyzing inflationary pressures.
Methodology
The data is collected through surveys of landlords and tenants by Statistics Norway.
Historical Context
The Actual Rentals for Housing CPI informs monetary policy decisions and provides insight into the cost-of-living dynamics facing Norwegian households.
Key Facts
- Norway's Actual Rentals for Housing CPI has risen by 15% over the past 5 years.
- Rental costs make up approximately 25% of the overall Norwegian CPI basket.
- The Actual Rentals for Housing CPI is published monthly by Statistics Norway.
FAQs
Q: What does this economic trend measure?
A: The Actual Rentals for Housing CPI measures the change in prices paid by Norwegian consumers for rental housing services.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding housing affordability and cost-of-living pressures facing Norwegian households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of landlords and tenants by Statistics Norway.
Q: How is this trend used in economic policy?
A: The Actual Rentals for Housing CPI informs monetary policy decisions and provides insight into the cost-of-living dynamics facing Norwegian households.
Q: Are there update delays or limitations?
A: The Actual Rentals for Housing CPI is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Norway (NORCP040100GYM), retrieved from FRED.