Norway Core Inflation Matches Estimates as Producer Prices Including Oil Rise 22.7%
Norway's April core inflation rose in line with expectations, with underlying consumer prices up 3.2% from a year earlier and 0.7% from the previous month, both matching forecasts. Headline consumer prices increased 3.4% year on year, below the 3.5% estimate and down from 3.6% in March.
On a monthly basis, headline CPI rose 0.4%, in line with expectations and up from 0.2% previously. Producer prices including oil climbed 22.7% from a year earlier, accelerating from 16.9% in March.
From the sources (7 posts)
@firstsquawkNORWAY (APR) CPI MOM ACTUAL: 0.4% VS 0.2% PREVIOUS;EST 0.4%
@firstsquawkNORWAY (APR) CPI YOY ACTUAL: 3.4% VS 3.6% PREVIOUS;EST 3.5%
@firstsquawkNORWAY (APR) CPI EU UNDERLYING MOM ACTUAL: 0.7% VS 0.1% PREVIOUS;EST 0.7%
@firstsquawkNORWAY (APR) CPI EU UNDERLYING YOY ACTUAL: 3.2% VS 3% PREVIOUS;EST 3.2%
@firstsquawkNORWAY (APR) PPI INCLUDING OIL MOM ACTUAL: -0.5% VS 18.4% PREVIOUS
@firstsquawkNORWAY (APR) PPI INCLUDING OIL YOY ACTUAL: 22.7% VS 16.9% PREVIOUS
@reutersbizNorway's April core inflation rises in line with expectations