Norway Core Consumer Price Index (CPI) m/m

Country:
Norway
NOK, Norwegian Krone
Sector:
Prices
Low 0.3% -0.1%
-0.7%
Last release Importance Actual Forecast
Previous
0.2%
0.3%
Next release Actual Forecast
Previous
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  • History
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Norwegian Core Consumer Price Index (Core CPI) m/m reflects changes in prices of a basket of consumer goods and services in the given month compared to the previous month. The index reflects price changes from the perspective of households who are the end consumers of goods and services.

The CPI is calculated using data from different sources: online surveys, turnover information from Statistics Norway's Business Register, commodity trade statistics and budget shares from the household budget survey. Norwegian Consumer Price Index data is additionally submitted to Eurostat and is included in the European statistics.

The consumer price index is calculated as a change in the value of goods and services from the fixed consumer basket, which consists of 650 goods and services. The core CPI does not include food, alcohol, tobacco and energy prices due to their high volatility. The core index ignores goods and services, which are not part of households' final consumer spending, as well as some categories of expenses which cannot be included in the single system, such as gambling, imputed rental of housing, life insurance, state health insurance, financial intermediation services indirectly measured, etc.

Consumer Price Index is one of key indicators to measure inflation. The CPI is used as the basis for payment revisions, as well as a deflator in the calculation of the Retail Sales indicator. A higher than expected CPI reading is considered positive for NOK quotes, while lower readings are considered negative.

Last values:

actual data

forecast

The chart of the entire available history of the "Norway Core Consumer Price Index (CPI) m/m" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Sep 2024
0.3%
-0.1%
-0.7%
Aug 2024
-0.7%
0.3%
0.8%
Jul 2024
0.8%
0.5%
0.2%
Jun 2024
0.2%
1.3%
0.5%
May 2024
0.5%
1.1%
0.9%
Apr 2024
0.9%
0.8%
0.2%
Mar 2024
0.2%
0.4%
0.4%
Feb 2024
0.4%
1.0%
0.0%
Jan 2024
0.0%
0.1%
0.2%
Dec 2023
0.2%
0.4%
-0.2%
Nov 2023
-0.2%
-0.1%
0.6%
Oct 2023
0.6%
0.0%
0.4%
Sep 2023
0.4%
0.2%
-0.6%
Aug 2023
-0.6%
0.1%
0.9%
Jul 2023
0.9%
1.4%
0.9%
Jun 2023
0.9%
1.0%
0.7%
May 2023
0.7%
0.2%
1.0%
Apr 2023
1.0%
0.8%
0.6%
Mar 2023
0.6%
0.7%
0.7%
Feb 2023
0.7%
1.0%
0.2%
Jan 2023
0.2%
-0.4%
0.4%
Dec 2022
0.4%
0.7%
-0.1%
Nov 2022
-0.1%
0.2%
0.3%
Oct 2022
0.3%
0.2%
1.0%
Sep 2022
1.0%
0.3%
-0.5%
Aug 2022
-0.5%
0.7%
1.5%
Jul 2022
1.5%
0.3%
0.5%
Jun 2022
0.5%
0.6%
0.4%
May 2022
0.4%
0.2%
0.9%
Apr 2022
0.9%
0.1%
0.3%
Mar 2022
0.3%
0.7%
1.2%
Feb 2022
1.2%
0.4%
-0.3%
Jan 2022
-0.3%
-0.2%
0.4%
Dec 2021
0.4%
0.2%
0.1%
Nov 2021
0.1%
-0.3%
-0.3%
Oct 2021
-0.3%
-0.3%
0.4%
Sep 2021
0.4%
0.1%
-0.6%
Aug 2021
-0.6%
-0.1%
0.6%
Jul 2021
0.6%
0.5%
0.4%
Jun 2021
0.4%
0.3%
-0.4%
May 2021
-0.4%
0.3%
0.4%
Apr 2021
0.4%
0.7%
0.3%
Mar 2021
0.3%
0.5%
0.4%
Feb 2021
0.4%
0.8%
0.1%
Jan 2021
0.1%
-0.1%
-0.1%
Dec 2020
-0.1%
-0.3%
-0.4%
Nov 2020
-0.4%
0.4%
0.1%
Oct 2020
0.1%
-0.3%
0.2%
Sep 2020
0.2%
0.3%
-0.4%
Aug 2020
-0.4%
0.2%
0.9%

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