Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Norway
NORCPIALLMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.00
Year-over-Year Change
2.47%
Date Range
1/1/1955 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Norway measures changes in the prices of consumer goods and services. It is a key indicator of inflation and helps guide monetary policy decisions.
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 Norway tracks the cost of a basket of consumer goods and services, including food, housing, transportation, and other expenditures. This index is a widely-used measure of inflation and is closely monitored by policymakers and economists.
Methodology
The data is collected through surveys of retail establishments and households by Statistics Norway.
Historical Context
The CPI is a critical input for the Norges Bank when setting monetary policy and interest rates.
Key Facts
- The CPI base year is 2015.
- Norway's CPI reached a record high in 2022.
- Shelter and transportation are the largest components of the Norwegian CPI.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Norway measures changes in the prices of consumer goods and services, providing a gauge of inflation in the country.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a critical indicator for policymakers, businesses, and consumers, as it helps guide monetary policy decisions, wage negotiations, and household budgeting.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households by Statistics Norway.
Q: How is this trend used in economic policy?
A: The CPI is a key input for the Norges Bank when setting monetary policy and interest rates to maintain price stability and support economic growth.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a short lag, providing timely information on inflationary pressures in the Norwegian economy.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Norway (NORCPIALLMINMEI), retrieved from FRED.