Norway's Core Inflation Slows to Lowest Level in 18 Months [BNN Bloomberg (Canada)]
SVENSKA HANDELSBK UNS/ADR (SVNLY)
NASDAQ:AMEX Investor Relations:
danskebank.com/investor-relations
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Source: BNN Bloomberg
The core inflation rate, which excludes volatile items such as energy, fell to 4.9% last month, the lowest level since August 2022, according to a statement by the statistics office on Monday. That was below the 5.3% median forecast by analysts, while Norges Bank had projected a 5.5% pace. Along with the slowing headline price growth, the data suggests Norway is following its regional peers in seeing a more sustained decline in inflationary pressures. While the Nordic nation is still expected to be among the last rich nations to begin an easing cycle, some analysts said the figures suggest Norges Bank could start sooner than in the autumn that they have indicated so far. “This is very good news, and we also note that this time it was the price increase on Norwegian-produced goods and services that decreased significantly,” Sara Midtgaard, a senior economist with Svenska Handelsbanken AB, said. “The market has begun to look more at the possibility of a cut from Norges Bank as earl
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