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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway CPI YoY fell to 2.7% in June 2026
FMPMonthlyReleased July 2026
Norway CPI YoY fell to 2.7% in June 2026, released July 2026, down 0.4% from May's 3.1% reading. The print came in cooler than the 3.2% consensus, a softer print than forecasters anticipated. CPI YoY has now declined for 4 consecutive months.
Latest Release
2.7
Actual
3.2
Consensus
3.1
Previous
Sigmacast Track Record
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).
CORRELATED SYMBOLS— markets that historically move with this indicator
| 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.
THE RELEASE
CPI YoY (Norway) was reported at 2.7% in July 2026. This missed the market consensus of 3.2% by 0.5%. The reading fell from the previous value of 3.1%. Trailing 12-month context per ETL data through July 2026.
WHY IT MATTERS
The indicator has been trending downward over the last three releases.
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.
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CPI YoY - NO
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About CPI YoY — Norway
DEFINITION
Norway's CPI YoY for July came in at 2.700000%, missing the 3.200000% estimate and down from June's 3.100000%. This marks a continued deceleration in inflation, easing from May's 3.4% and April's 3.6%, signaling softer price pressures. Market focus will remain on upcoming data for further inflation trends and central bank policy implications. Updated 7/11/26
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 2.7 %, consensus 3.2 %. Prior reading (May 2026): 3.1 %. Before that (Apr 2026): 3.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a 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.
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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 |