Core Inflation (YoY)
2020-02-10 15:00
NOK
- 1.8
- 2
- 2.9
The Core inflation released by the Statistics Norway is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services, excluding taxes and energy. The purchase power of Norwegian krone is dragged down by inflation. The Core inflation is a key indicator since it is used by the Central Bank to set interest rates. Generally speaking, a high reading is seen as positive (or bullish) for the Norwegian krone, while a low reading is seen as negative (or Bearish).