Core inflation · Norway

Norway Core Inflation Rate MoM Final

The Norway Core Inflation Rate MoM Final measures the rise in consumer prices in Norway without the most volatile items, usually food and energy (definitions vary by country).

Wichtigkeit
Low
Währung
NOK · Norwegian krone
Zentralbank
Norges Bank
Bewegt
EURNOK · GBPNOK · USDNOK

Neueste Zahlen

Die letzte Veröffentlichung, für JUN, erschien am 2026-07-15 und lag bei -0.1%. Das ist weniger als 0.4% beim letzten Mal.

VeröffentlichtFürIstKonsensVorher
15 Jul 2026JUN-0.1%–0.4%

Im Wirtschaftskalender ansehen →

Warum es wichtig ist

Food and energy prices jump with harvests and oil, then fall back. The core rate shows the underlying trend that Norges Bank can actually influence, so it often moves markets more than the headline. Services inflation, driven by wages, is the stickiest part.

So wird gerechnet

Statistics Norway (SSB) takes the consumer price index basket, removes the excluded items and re-weights the rest; the change is measured month on month and against the same month a year earlier.

Core inflation (yoy) = core index ÷ core index 12 months ago − 1

Was Veränderungen bedeuten

  • A core rate falling towards the target lets Norges Bank ease; a stubborn core keeps rates high.
  • Monthly core changes of 0.2% compound to about 2.4% a year; 0.3% to about 3.7%.
  • Markets compare the figure with the consensus to one decimal; a 0.1-point surprise moves currencies.

Höher als erwartet: A higher figure than expected makes Norges Bank more likely to keep rates high or raise them: it tends to support the Norwegian krone and push bond yields up, and is often a weight on stocks.

Niedriger als erwartet: A lower figure than expected gives Norges Bank room to cut or hold rates lower: the Norwegian krone tends to soften and bond yields to fall.

Eine kurze Geschichte

Economists Robert Gordon and others popularised excluding food and energy in the 1970s, when oil shocks made the headline rate misleading; most central banks now publish or watch a core measure.

Fragen

What is the Norway Core Inflation Rate MoM Final?

The Norway Core Inflation Rate MoM Final measures the rise in consumer prices in Norway without the most volatile items, usually food and energy (definitions vary by country).

What was the latest Norway Core Inflation Rate MoM Final?

-0.1% for JUN, published on 15 July 2026.

Nur Bildungsinhalte, keine Anlageberatung. Die Zahlen sind die veröffentlichten Ergebnisse, wie sie unser Kalender erfasst hat; die beschriebenen Marktreaktionen sind typisch, nicht garantiert.