Norway inflation hits 3.6%, but core comes in below forecast
Norwegian prices rose 3.6% year on year in October, up from 3.4% in September. Core inflation, the central bank's key gauge, rose 0.3% on the month against a 0.4% forecast.
الحدث: 10 نوفمبر 2026
المصدر الأساسي: 10 نوفمبر 2026
نُشر هنا: 10 نوفمبر 2026 في 08:56 ص UTC
اقرأ: 1 دقيقة
ماذا حدث
On November 10 Statistics Norway (SSB) released the October consumer price index. Prices rose 3.6% year on year, up from 3.4% in September. Markets expected 3.7%. Core inflation, CPI-ATE, which strips out tax changes and energy, was 2.7% on the year and 0.3% on the month against a 0.4% forecast.
لماذا يهمك
CPI-ATE is Norges Bank's main guide for rates. Core inflation came in slightly softer than expected. That argues against the bank keeping rates high for longer. The krone and Norwegian bond yields hang on it.
ماذا تتحقق منه وتراقبه
Services are rising faster than goods: up 4.1% versus 2.8%. SSB's next report is due December 10. Watch Norges Bank's next rate decision. This is an overview, not advice.
أين يحدث ذلك
LIVEاسحب للتدوير. النقاط الخضراء: البورصة تتداول الآن (الساعات العادية، دون احتساب العطل). الظل: حيث الليل الآن. الحدود: Natural Earth، الزلازل: USGS. فكرة الطبقات: God’s Eye View (MIT).
What happened. The headline index rose 0.3% on the month. Adjusted for tax changes (CPI-AT), prices rose 5.1% on the year. Without taxes and energy (CPI-ATE) the rise was 2.7%.
What rose most. Insurance and financial services were up 6.4% on the year, restaurants and hotels 6.1%, transport 5.4%. Housing, water, electricity and fuel rose 5.1%, health 4.8%, education 4.3%.
What got cheaper. Furniture and household goods fell 1.4% on the year, communication 0.6%. Food and soft drinks rose 1.4% on the year but fell 0.4% in October.
Services versus goods. Services rose 4.1% on the year, goods 2.8%. On the month services rose 0.5% and goods fell 0.1%. Services where wages make up most of the price rose 4.0%.
Why markets care. Central banks watch core inflation, not the headline. A slightly softer reading eases pressure on Norges Bank. How much will show at its next decision.
حقائق مؤكدة
- Norway's consumer price index rose 3.6% year on year and 0.3% month on month in October 2026.[1][2]
- CPI-ATE, excluding tax changes and energy, rose 2.7% on the year and 0.3% on the month.[1][2]
- The forecast was 3.7% for headline inflation and 0.4% month on month for CPI-ATE; headline inflation was 3.4% in September.[2]
- CPI-AT, adjusted for tax changes, rose 5.1% on the year.[1]
- Services prices rose 4.1% on the year, goods 2.8%.[1][2]
- Insurance and financial services rose 6.4%, restaurants and hotels 6.1%, transport 5.4%.[1][2]
- Furniture and household goods fell 1.4% on the year, communication 0.6%.[1]
- SSB's next price report is due December 10, 2026.[1]
التبعات
- مؤكدNorway's core inflation came in slightly below market expectations in October.
- قراءتناThis may ease pressure on Norges Bank to keep rates high. This is our inference.
- قراءتناFast-rising services prices show inflation has not gone away yet. This is our inference.
لا يزال مجهولًا
- How Norges Bank weighs this data at its next decision
- Whether core inflation keeps slowing in November
- How the krone reacts
من يتأثر
Norway, Europe. People who watch the krone, Norwegian bonds and European rates
المصادر
- Statistics Norway (SSB): Consumer price index, October 2026 10 نوفمبر 2026 · رسمي
- Investing.com: Norway's core inflation rises less than forecast in October 10 نوفمبر 2026 · إعلام
الغلاف: رسم Freekonomist، صورة رمزية، لا صورة للحدث. هذا شرح إخباري، لا نصيحة مالية.
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