Norwegian July CPI 1.5% y/y vs 1.4% exp
Inflation from Norway slightly beats expectations.
- Core CPI 1.2% y/y as expected, down from 1.6% prior.
- Core CPI 0.3% m/m as expected, down from 0.5% prior.
- Headline CPI 1.5% y/y above 1.4% expected, down from 1.9% prior.
- Headline CPI 0.3% m/m, down from prior of 0.4%.
All readings down from prior and relatively in-line with expectations, except the small beat on headline CPI year-over-year at 1.5% which has helped NOK get a little boost.