Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Norway
NORCPHP0405GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-11.20
Year-over-Year Change
64.71%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Electricity, Gas and Other Fuels in Norway measures changes in the prices paid by consumers for these essential household utilities. This index is a key indicator of inflationary pressures in the Norwegian economy.
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 Electricity, Gas and Other Fuels tracks the cost of a representative basket of energy products that are part of the overall consumer price index. This metric provides insight into how energy costs are affecting household budgets and consumer purchasing power.
Methodology
The data is collected through surveys of retailers and service providers to determine average prices paid by Norwegian consumers.
Historical Context
Policymakers and analysts monitor this CPI component to assess the impact of energy prices on inflation and consumer behavior.
Key Facts
- Norway's CPI for Electricity, Gas and Other Fuels has a base year of 1999.
- This index is published monthly by the Norwegian statistical agency.
- Energy costs make up around 10% of the total Norwegian consumer price index.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Electricity, Gas and Other Fuels in Norway tracks the change in prices paid by consumers for these essential household energy products.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides insight into inflationary pressures related to energy costs, which can significantly impact household budgets and consumer behavior.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and service providers to determine average prices paid by Norwegian consumers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this CPI component to assess the impact of energy prices on overall inflation and consumer purchasing power.
Q: Are there update delays or limitations?
A: The CPI for Electricity, Gas and Other Fuels in Norway 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: Electricity, Gas and Other Fuels for Norway (NORCPHP0405GYM), retrieved from FRED.