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Norway Inflation Rate Month-over-Month (MoM)

Price

0.2 %
Change +/-
-0.6 %
Percentage Change
-120.00 %

The current value of the Inflation Rate Month-over-Month (MoM) in Norway is 0.2 %. The Inflation Rate Month-over-Month (MoM) in Norway decreased to 0.2 % on 6/1/2024, after it was 0.8 % on 4/1/2024. From 2/1/1950 to 7/1/2024, the average GDP in Norway was 0.37 %. The all-time high was reached on 1/1/1970 with 5.45 %, while the lowest value was recorded on 3/1/1959 with -1.72 %.

Source: Statistics Norway

Inflation Rate Month-over-Month (MoM)

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Inflation Rate MoM

Inflation Rate Month-over-Month (MoM) History

DateValue
6/1/20240.2 %
4/1/20240.8 %
3/1/20240.2 %
2/1/20240.2 %
1/1/20240.1 %
12/1/20230.1 %
11/1/20230.5 %
10/1/20231 %
7/1/20230.4 %
6/1/20230.6 %
1
2
3
4
5
...
56

Similar Macro Indicators to Inflation Rate Month-over-Month (MoM)

NameCurrentPreviousFrequency
🇳🇴
Consumer Price Index (CPI)
133.5 points133.7 pointsMonthly
🇳🇴
Consumer Price Index for Housing and Utilities
134.3 points134.8 pointsMonthly
🇳🇴
Core Consumer Prices
131.4 points130.4 pointsMonthly
🇳🇴
Core Inflation Rate
3.3 %3.4 %Monthly
🇳🇴
Core Inflation Rate MoM
0.5 %0.9 %Monthly
🇳🇴
CPI Transport
140 points139.1 pointsMonthly
🇳🇴
Export Prices
297.7 points273.8 pointsQuarter
🇳🇴
Food Inflation
4.9 %4.9 %Monthly
🇳🇴
GDP Deflator
113.885 points111.162 pointsQuarter
🇳🇴
Harmonized Consumer Prices
135.3 points135.6 pointsMonthly
🇳🇴
Harmonized Inflation Rate MoM
0.4 %0.3 %Monthly
🇳🇴
Harmonized Inflation Rate YoY
2.7 %3.4 %Monthly
🇳🇴
Import Prices
206.7 points204.5 pointsQuarter
🇳🇴
Inflation Rate
3 %3.6 %Monthly
🇳🇴
Producer Price Change
3.2 %-4.5 %Monthly
🇳🇴
Producer Price Inflation MoM
-0.9 %3.4 %Monthly
🇳🇴
Producer prices
114.9 points115.9 pointsMonthly

Inflation Rate MoM measures the month-over-month change in the price of goods and services.

What is Inflation Rate Month-over-Month (MoM)?

Inflation Rate Month-over-Month (MoM) is a critical macroeconomic indicator that offers a snapshot of the changes in the price level of goods and services within an economy over a one-month period. At Eulerpool, we prioritize providing accurate and comprehensive macroeconomic data, and understanding the nuances of the Inflation Rate MoM is integral for anyone concerned with economic health and financial planning. In essence, the Inflation Rate MoM measures the percentage change in the cost of a basket of goods and services from one month to the next. This data is pivotal because it enables policymakers, investors, and business leaders to infer whether the cost of living is rising or falling in the short term. For economists and financial analysts, this information forms the bedrock of trend analysis and decision-making processes. The intricacies of monthly inflation are pivotal to understanding broader economic trends and can be dissected into several fundamental components. Firstly, it is important to grasp the Consumer Price Index (CPI), which is often used as the base for calculating inflation. The CPI tracks the prices of a specified set of goods and services over time. When discussing Inflation Rate MoM, we are essentially examining how the CPI has changed from one month to the next. For businesses, Inflation Rate MoM data helps in adjusting prices, wages, and contracts. Frequent monitoring allows businesses to maintain their profit margins by adapting to the changing cost of inputs. For instance, a rising Inflation Rate MoM may signal to businesses that they need to raise prices to counterbalance increasing costs of raw materials. Conversely, a declining rate could allow for price reductions which may stimulate demand and capture more market share. From a policy-making perspective, Inflation Rate MoM is indispensable. Central banks, particularly, rely on this data to shape monetary policy. A consistently high Inflation Rate MoM might prompt the central bank to increase interest rates to curb inflationary pressures. This can help stabilize the economy but might also slow down economic growth if done excessively. On the other hand, a very low or negative Inflation Rate MoM might encourage the central bank to lower interest rates to stimulate economic activity and ward off deflation. Investors watch Inflation Rate MoM closely, as it can significantly impact financial markets. For example, a higher-than-expected inflation rate can lead to increased market volatility as investors might anticipate tighter monetary policy and reduced corporate profit margins. Bonds, in particular, are sensitive to inflation data. High inflation erodes the real returns on bonds, which can lead to declining prices in the bond market. Equities may also be affected as costs rise; however, in some cases, companies with strong pricing power may manage to pass on the costs to consumers without hurting their profit margins. The implications for consumers are quite direct. A rising Inflation Rate MoM suggests that the purchasing power of consumers is diminishing; essentially, individuals are paying more for the same goods and services than they did in the previous month. This can lead to reduced discretionary spending, as more income is diverted to cover essential expenses, which, in aggregate, affects economic growth. Accuracy and timeliness in reporting the Inflation Rate MoM are crucial for all stakeholders. At Eulerpool, we ensure that our data is meticulously sourced and promptly updated to reflect the latest available information. This commitment to data integrity supports our users in making well-informed economic and financial decisions. Monthly inflation data can also serve as an early warning system for underlying economic issues. For example, if the Inflation Rate MoM consistently shows increased price levels, it may indicate supply chain disruptions, labor shortages, or increased production costs. Such insights are vital for analysts trying to preempt long-term trends and for governments aiming to implement corrective measures before minor issues evolve into significant economic challenges. Moreover, examining the components contributing to changes in the Inflation Rate MoM can provide a deeper understanding of the economic landscape. For instance, by analyzing whether food, energy, or housing costs are driving the inflation changes, one can gain insights into sector-specific dynamics. This granular level of analysis is beneficial for sectoral investment strategies, policy formulation, and even for consumers planning their household budgets. It's also important to consider seasonal adjustments when interpreting the Inflation Rate MoM. Certain times of the year naturally experience price changes due to seasonal demand spikes or drops. Adjusting for these seasonal effects provides a clearer, more accurate picture of the underlying inflation trends, free from seasonal distortions. Furthermore, Inflation Rate MoM data often feeds into broader economic models and forecasts. Analysts use this information to predict future inflationary trends, which in turn, influence long-term economic planning and stability measures. For example, consistent month-over-month inflation increases might suggest escalating economic activity that could lead to annual inflation surpassing target levels set by central banks. Understanding Inflation Rate MoM's role in a broader global economic context also adds another layer of complexity. In today’s interconnected economy, inflation rates are not isolated phenomena. Price changes in one country can ripple through international supply chains, affecting global trade dynamics and economic policies. For multinational corporations and international investors, this global perspective is indispensable. In summary, Inflation Rate MoM is more than just a statistic; it's a dynamic tool influencing various aspects of economic activity, from policy-making and market strategies to consumer behavior and investment decisions. At Eulerpool, our dedication to providing precise and timely Inflation Rate MoM data ensures that all our users—from researchers and analysts to business leaders and policymakers—have the robust, data-driven foundation they need to navigate the complexities of the modern economy effectively. Our platform strives to illuminate the multifaceted impacts of inflation, helping you to make informed, strategic economic and financial decisions.