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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Producer Price Index YoY climbed to 30.1% in August 2026
FMPMonthlyReleased September 2026
Norway Producer Price Index YoY climbed to 30.1% in August 2026, released September 2026, up 6.7% from July's 23.4% reading. The print exceeded the 24.0% consensus by 6.1%. Producer Price Index YoY has now risen for 3 consecutive months. Over the past 3 months, Producer Price Index YoY averaged 19.15%, vs 21.2% in the prior 3-month window. Producer Price Index YoY is now the highest in 19 months.
Latest Release
30.1
Actual
24
Consensus
23.4
Previous
Median Absolute Error
±4.1 percentage points
across last 12 releases
Last Call
Sep 2026
Predicted: 23.83
Actual: 30.1
Error: -6.28
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 | −0.65 | CRYPTO | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.63 | INDEX | Moves against | → View |
| FTSE 100 | ▼ Inverse | −0.51 | INDEX | Moves against | → View |
| Euro STOXX 50 | ▼ Inverse | −0.47 | INDEX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.40 | COMMODITIES | 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 30.1% in September 2026. This beat the market consensus of 24% by 6.1%. The reading rose from the previous value of 23.4%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 6.25%, ranging from -11.4% to 30.1% across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 22.8%, up from the prior three at 12.43%. Volatility over the past year (σ 15.78%) 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 4.1%.
WHAT TO WATCH NEXT
The next release is scheduled for October 9, 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 September 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 surged to 30.100% in September, beating the 24.000% estimate and rising sharply from August's 23.400%. This marks a significant acceleration in producer price inflation, indicating stronger cost pressures in the economy. Market focus will remain on how this inflation trend influences Norges Bank's monetary policy stance. Updated 9/9/26
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 (Aug 2026): actual 30.1 %, consensus 24 %. Prior reading (Jul 2026): 23.4 %. Before that (Jun 2026): 14.9 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a 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. This indicator correlates most strongly with BTC/USD (Bearish BTC, r=-0.65) — a useful reference for crypto-focused traders.
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Economic Calendar - NO Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | NO | Balance of Trade | 100.4 | 88.8 | 95.1 | 97.75 | Low |