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Norway CPI MoM fell to -0.2% in June 2026, released July 2026, down 0.4% from May's 0.2% reading. The print came in cooler than the 0.3% consensus, a softer print than forecasters anticipated. CPI MoM has now declined for 3 consecutive months.
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
CPI MoM (Norway) was reported at 1% in August 2026. The reading rose from the previous value of -0.2%. Trailing 12-month context per ETL data through August 2026.
Same-country events in the next 14 days include Interest Rate Decision (Sep 24).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
Norway's CPI MoM surged to 1.000000% in August, reversing July's -0.200000% decline and marking a sharp inflation rebound. August's reading signals renewed upward pressure on prices after a brief contraction the previous month. Market focus will remain on Norges Bank's response amid this unexpected inflation acceleration. Updated 8/10/26
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.
Latest reading (Jul 2026): actual 1 %. Prior reading (Jun 2026): -0.2 %. Before that (May 2026): 0.2 %.
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | Balance of Trade | 100.4 | 88.8 | 95.1 | 97.75 | Low | |