- At first glance, CPI-ATE broadly in line with expectations but there is an upward surprise of 2 tenths to headline CPI Y/Y.
- EURNOK a little lower on the release (from about 11.802 to hit a low of 11.7867) but that doesn't even match the overnight lows seen early in the Asian session.
- The Norges Bank September MPR forecast headline CPI to be 2.8%Y/Y in Q4-24 and CPI-ATE to be 3.0%Y/Y so today's print doesn't initially seem to endanger those forecasts.
NORWAY: Headline inflation a bit higher than expected but underlying in line
Last updated at:Nov-11 07:05By: Tim Davis
Norway
- At first glance, CPI-ATE broadly in line with expectations but there is an upward surprise of 2 tenths to headline CPI Y/Y.
- EURNOK a little lower on the release (from about 11.802 to hit a low of 11.7867) but that doesn't even match the overnight lows seen early in the Asian session.
- The Norges Bank September MPR forecast headline CPI to be 2.8%Y/Y in Q4-24 and CPI-ATE to be 3.0%Y/Y so today's print doesn't initially seem to endanger those forecasts.
