Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Producer Price Index YoY climbed to 48.8% in September 2026
FMPMonthlyReleased October 2026
Norway Producer Price Index YoY climbed to 48.8% in September 2026, released October 2026, up 18.7% from August's 30.1% reading. The print exceeded the 34.0% consensus by 14.8%. Producer Price Index YoY has now risen for 4 consecutive months. Over the past 3 months, Producer Price Index YoY averaged 22.8%, vs 23.35% in the prior 3-month window. Producer Price Index YoY is now the highest in 20 months.
Latest Release
48.8
Actual
34
Consensus
30.1
Previous
Median Absolute Error
±4.9 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 34.9
Actual: 48.8
Error: -13.9
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 | −0.41 | CRYPTO | Moves against | → View |
| EUR/NOK | ▲ Direct | +0.33 | FOREX | Moves with | → View |
| S&P 500 | ▼ Inverse | −0.28 | 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 48.8% in October 2026. This beat the market consensus of 34% by 14.8%. The reading rose from the previous value of 30.1%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 10.94%, ranging from -11.4% to 48.8% across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 34.1%, up from the prior three at 20.53%. Volatility over the past year (σ 19.6%) is higher than the prior year (σ 9.26%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with EUR/NOK, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 4.9%.
WHAT TO WATCH NEXT
The next release is scheduled for November 9, 2026. Same-country events in the next 14 days include Interest Rate Decision (Nov 5).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
SHARE
Producer Price Index YoY - NO
Loading chart data...
About Producer Price Index YoY — Norway
DEFINITION
Norway's Producer Price Index YoY surged to 48.800000% in October, beating the 34.000000% estimate and rising sharply from September's 30.100000%. This marks a significant acceleration in producer price inflation, indicating strong upward pressure on costs. Market focus will remain on how this inflationary spike influences Norges Bank's monetary policy stance. Updated 10/9/26
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 (Sep 2026): actual 48.8 %, consensus 34 %. Prior reading (Aug 2026): 30.1 %. Before that (Jul 2026): 23.4 %.
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=-0.41) — a useful reference for crypto-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - NO Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | NO | Unemployed Persons | 61.9 | 61.5 | 61.5 | 61.70 | Low |
| 07:00 | NO | Unemployment Rate n.s.a | 2 | 2 | 2 | 2.00 | Low |