Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Norway
NORCP050000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.60
Year-over-Year Change
15.06%
Date Range
1/1/1979 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance in Norway measures price changes for a basket of household goods and services. It is a key indicator of inflation and consumer spending patterns.
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 Furnishings, Household Equipment and Routine Household Maintenance tracks the prices paid by Norwegian consumers for a variety of household items, including furniture, appliances, cleaning supplies, and home maintenance services. This index is a component of the broader Consumer Price Index and provides insights into a major portion of household budgets.
Methodology
The data is collected through surveys of retailers and service providers across Norway.
Historical Context
Policymakers and economists monitor this CPI component to assess inflationary pressures and consumer behavior.
Key Facts
- Norway's CPI for Furnishings and Household Maintenance has a base year of 2015.
- This index accounts for approximately 5% of the total Norwegian Consumer Price Index.
- Prices for household furnishings and equipment have risen by 8.2% in Norway over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance tracks the prices paid by Norwegian consumers for a variety of household items and services.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides insights into a major portion of household budgets and is a key indicator of inflationary pressures and consumer spending patterns in Norway.
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: Policymakers and economists monitor this CPI component to assess inflationary pressures and consumer behavior, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Furnishings and Household Maintenance is published monthly with a typical 2-week lag, providing timely data to analysts.
Related Trends
Gross National Income for Norway
MKTGNINOA646NWDB
Outstanding Domestic Public Debt Securities to GDP for Norway
DDDM04NOA156NWDB
Bank Credit to Bank Deposits for Norway
DDSI04NOA156NWDB
Exchange Rate Adjusted Changes of Domestic Debt Securities for Non-Financial Corporations Issuers, All Maturities, Residence of Issuer in Norway
DSAMRIAONCERNO
Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Norway
LFWA55TTNOA647N
International Merchandise Trade Statistics: Trade Balance: Commodities for Norway
XTNTVA01NOA664N
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Norway (NORCP050000IXOBQ), retrieved from FRED.