Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Norwegian core inflation likely to have accelerated marginally in November – Nordea Bank

The Norwegian inflation data is set to be released next week. According to a Nordea Bank research report, the November inflation is likely to come in slightly below Norges Bank’s forecast, but the deviation will be very small to have any influence on the upcoming rate path.

“We forecast core inflation at 1.2  percent y/y, up from 1.1 percent last month. Norges Bank’s forecast is 1.3 percent”, stated Nordea Bank.

The prices on food and furniture had fallen sequentially last November, in contrast to the normal seasonal pattern and therefore the forecast for core inflation is higher. A normal pattern is expected in November 2017. Overall, this pulls up year-on-year core inflation by 0.2 percentage points. That is why Norges Bank projects 1.3 percent. Airfares rose strongly in October and would probably fall back again in December.

If the projections are realized, core inflation would be slightly on the downside to Norges Bank’s forecast, but not sufficient to have any considerably effect on its view, said Nordea Bank.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

December 15 17:00 UTC Released

USSoy crush

Actual

163.546 Bushels M

Forecast

163.191 Bushels M

Previous

164.242 Bushels M

December 15 14:15 UTC Released

USCapacity Utilization MM

Actual

77.1 %

Forecast

77.2 %

Previous

77 %

January 9 11:00 UTC 3547535475m

BRRetail Sales MM*

Actual

Forecast

0.35 %

Previous

January 9 11:00 UTC 3547535475m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

January 9 11:00 UTC 3547535475m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

January 9 11:00 UTC 3547535475m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

January 9 11:00 UTC 3547535475m

BRRetail Sales MM*

Actual

Forecast

0.35 %

Previous

January 9 11:00 UTC 3547535475m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

December 12 09:30 UTC 49364936m

GBRPIX YY

Actual

Forecast

Previous

4.2 %

December 12 09:30 UTC 49364936m

GBPPI Input Prices MM NSA

Actual

Forecast

Previous

1 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.