Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Norway
NORCPHP0600IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.20
Year-over-Year Change
4.75%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Health in Norway measures changes in the prices of goods and services related to healthcare. It is a key indicator for monitoring inflation and evaluating economic policies.
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 Health in Norway is part of the Harmonized Index of Consumer Prices (HICP), a standardized measure of inflation used across the European Union. It tracks the monthly price changes of a basket of healthcare-related products and services consumed by Norwegian households.
Methodology
The data is collected by Statistics Norway through surveys of retailers and service providers.
Historical Context
The CPI for Health is used by policymakers, central banks, and economists to assess inflationary pressures and inform economic decision-making.
Key Facts
- The CPI for Health in Norway has a base year of 1999.
- Healthcare accounts for approximately 5% of the total Norwegian consumer price index basket.
- Norway has one of the highest per capita healthcare expenditures in the world.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Health in Norway measures the monthly changes in the prices of healthcare-related goods and services consumed by Norwegian households.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Health is a key indicator for monitoring inflationary pressures in the healthcare sector, which is essential for policymakers and economists in evaluating economic conditions and guiding policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Norway through surveys of retailers and service providers.
Q: How is this trend used in economic policy?
A: The CPI for Health is used by the Norwegian central bank, government, and analysts to assess inflationary pressures in the healthcare sector and inform economic decision-making.
Q: Are there update delays or limitations?
A: The CPI for Health in Norway is published monthly, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Norway (NORCPHP0600IXOBM), retrieved from FRED.