Norway CPI measures how fast consumer prices are rising year-on-year, the key inflation gauge Norges Bank watches when setting interest rates.
Actual
3.6%
Forecast
2.7%
Previous
2.3%
Norway Inflation Rate (CPI) for Feb came in at 3.6% versus 2.7% expected (previous 2.3%), above forecast, which was positive for the NOK.
What it meant for the NOK
The actual landed above the 2.7% forecast (0.9 above expectations). A reading above forecast is generally bullish for the NOK, and below forecast bearish. On this release the read was positive for the NOK.
New to this release? See what Norway Inflation Rate (CPI) measures, the next release and its full history.