Inflation & Prices
Norway’s Core CPI at Lowest Since 2022 After Year of Decline
- Underlying CPI rose 2.7% on year in October, matching forecast
- Slowing inflation has been outweighed by krone weakness
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Norway’s underlying inflation slowed for the 12th consecutive month in October, in line with analyst expectations and likely keeping the country’s central bank on track for a first interest-rate cut in March.
The rate of core consumer-price growth, which excludes volatile items such as energy, declined to 2.7% in October, the lowest level since April 2022, the statistics office said on Monday, citing a broad-based slowdown in inflation.