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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Producer Price Index YoY fell to 14.9% in June 2026
FMPMonthlyReleased July 2026
Norway Producer Price Index YoY fell to 14.9% in June 2026, released July 2026, down 9.1% from May's 24.0% reading. The reading missed the 24.5% consensus by 9.6%. The print is running well above the 12-month average of 1.08%. Over the past 3 months, Producer Price Index YoY averaged 23.35%, vs -0.1% in the prior 3-month window. The reading is in the 69th percentile of the trailing 24-month range.
Latest Release
14.9
Actual
24.5
Consensus
24
Previous
Median Absolute Error
±3.14 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 25.3
Actual: 14.9
Error: +10.4
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 |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.57 | CRYPTO | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.54 | INDEX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.48 | COMMODITIES | Moves against | → View |
| EUR/NOK | ▲ Direct | +0.41 | FOREX | Moves with | → View |
| FTSE 100 | ▼ Inverse | −0.34 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index YoY (Norway) was reported at 14.9% in July 2026. This missed the market consensus of 24.5% by 9.6%. The reading fell from the previous value of 24%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 1.08%, ranging from -11.4% to 24% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 20.53%, up from the prior three at -9.53%. Volatility over the past year (σ 12.47%) is higher than the prior year (σ 9.34%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 3.14%.
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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Producer Price Index YoY - NO
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About Producer Price Index YoY — Norway
DEFINITION
Norway's Producer Price Index YoY for June came in at 14.900000%, down sharply from May's 24.000000%, signaling a significant deceleration in producer inflation. This marks a continued easing after the peak in May, reflecting softer price pressures in the supply chain. Market participants will watch upcoming inflation data closely amid this notable slowdown. Updated 7/14/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. 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 14.9 %. Prior reading (May 2026): 24 %. Before that (Apr 2026): 22.7 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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 BTC/USD (Bearish BTC, r=-0.57) — a useful reference for crypto-focused traders.
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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 |