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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Core Inflation Rate MoM fell to 0.4% in May 2026
FMPMonthlyReleased June 2026
Norway Core Inflation Rate MoM fell to 0.4% in May 2026, released June 2026, down 0.3% from April's 0.7% reading. The print came in hotter than the 0.2% consensus, a hotter print than forecasters anticipated. The print is running well above the 12-month average of 0.27%. Over the past 3 months, Core Inflation Rate MoM averaged 0.4%, vs 0.37% in the prior 3-month window. The reading is in the 65th percentile of the trailing 24-month range.
Latest Release
0.4
Actual
0.2
Consensus
0.7
Previous
Median Absolute Error
±0.2 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 0.2
Actual: 0.4
Error: -0.2
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| DAX | ▲ Direct | +0.44 | INDEX | Bullish DAX | → View |
| BTC/USD | ▼ Inverse | −0.41 | CRYPTO | Bearish BTC | → View |
| Euro STOXX 50 | ▲ Direct | +0.38 | INDEX | Bullish Euro STOXX 50 | → View |
| S&P 500 | ▲ Direct | +0.34 | INDEX | Bullish S&P 500 | → View |
| EUR/NOK | ▲ Direct | +0.32 | FOREX | Bullish EUR | → 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 0.4% in June 2026. This beat the market consensus of 0.2% by 0.2%. The reading fell from the previous value of 0.7%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 0.3%, ranging from -0.7% to 0.8% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 0.6%, up from the prior three at 0.03%. Volatility over the past year (σ 0.44%) is comparable than the prior year (σ 0.41%). In June readings over the past 3 years, Core Inflation Rate MoM has averaged 0.37%.
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 0.2%.
WHAT TO WATCH NEXT
The next release is scheduled for July 10, 2026. Same-country events in the next 14 days include Norges Bank Interest Rate Decision (Jun 18) and Interest Rate Decision (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Core Inflation Rate MoM - NO
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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 (May 2026): actual 0.4 %, consensus 0.2 %. Prior reading (Apr 2026): 0.7 %. Before that (Mar 2026): 0.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with DAX (Bullish DAX, r=0.44) — a useful reference for index-focused traders.