Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Core Inflation Rate MoM fell to -0.1% in June 2026
FMPMonthlyReleased July 2026
Norway Core Inflation Rate MoM fell to -0.1% in June 2026, released July 2026, down 0.5% from May's 0.4% reading. The print came in cooler than the 0.4% consensus, a softer print than forecasters anticipated. The print is running well below the 12-month average of 0.27%. Over the past 3 months, Core Inflation Rate MoM averaged 0.5%, vs 0.37% in the prior 3-month window. Core Inflation Rate MoM is now the lowest in 6 months.
Latest Release
-0.1
Actual
0.4
Consensus
0.4
Previous
Median Absolute Error
±0.21 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 0.42
Actual: -0.1
Error: +0.52
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| DAX | ▲ Direct | +0.51 | INDEX | Moves with | → View |
| BTC/USD | ▼ Inverse | −0.50 | CRYPTO | Moves against | → View |
| Euro STOXX 50 | ▲ Direct | +0.42 | INDEX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.36 | INDEX | Moves with | → View |
| FTSE 100 | ▲ Direct | +0.29 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Core Inflation Rate MoM (Norway) was reported at -0.1% in July 2026. This missed the market consensus of 0.4% by 0.5%. The reading fell from the previous value of 0.4%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0.26%, ranging from -0.7% to 0.8% across 12 releases.
WHY IT MATTERS
The trailing three releases averaged 0.23%, down from the prior three at 0.57%. Volatility over the past year (σ 0.43%) is comparable than the prior year (σ 0.42%). In July readings over the past 3 years, Core Inflation Rate MoM has averaged 0.25%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with DAX (Bullish DAX). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 0.21%.
WHAT TO WATCH NEXT
The next release is scheduled for August 10, 2026. Same-country events in the next 14 days include Interest Rate Decision (Aug 13).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
SHARE
Core Inflation Rate MoM - NO
Loading chart data...
About Core Inflation Rate MoM — Norway
DEFINITION
The Core Inflation Rate MoM (Month-over-Month) is a key financial indicator that measures the change in prices of goods and services, excluding volatile items such as food and energy, on a monthly basis. It provides insight into the underlying inflation trends and helps policymakers and investors make informed decisions about monetary policy and market strategies. This indicator is considered a more reliable measure of inflation as it eliminates the impact of temporary price fluctuations, providing a clearer picture of the overall inflationary pressures in the economy.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual -0.1 %, consensus 0.4 %. Prior reading (Jun 2026): 0.4 %. Before that (May 2026): 0.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with DAX (Bullish DAX, r=0.51) — a useful reference for index-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - NO Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | NO | Unemployed Persons | 62.1 | 61.7 | 61.6 | 61.85 | Low |
| 06:00 | NO | Loan Growth YoY | 4.4 | 4.5 | 4.5 | 4.45 | Low |
| 06:00 | NO | Registered Jobless Rate | 2.1 | 1.9 | 2.1 | 2.10 | Low |
| 06:00 | NO | Unemployment Rate n.s.a | 2.1 | 1.9 | 2.1 | 2.10 | Low |