- Brighter labour market outlook; we release a new macro forecast Wednesday, August 22
- Residential building starts set to cool further, despite stable tendency in housing prices
- Will producer prices continue to pick up after slump?
- CPI inflation up to 2.5% in July from 2.4% in June; core CPI inflation unchanged at 1.9%
- Headline inflation buoyed by energy price inflation
- Inflation to decelerate ahead
- Above the Riksbank's target
- Question marks surrounding CPIF excluding energy
- But underlying inflation holds up OK - we keep our Riksbank call
- Consumer prices rose 0.8% m-o-m in July - more than expected (0.5%)
- Package tours, food prices and rents on holiday were the primary reasons for the upside surprise
- Annual inflation was unchanged at 1.1%
- The CPI-ATE at 1.4 percent in July, up from 1.1 percent in June
- Above consensus’ and Norges Bank’s expectations
- Volatility is high over the summer, but inflation supports Norges Bank's strategy from June
- Forbrugerpriserne steg med 0,8% m/m i juli, hvilket var mere end ventet
- Trods stigningen holdt årsstigningstakten sig uændret på 1,1%
- Det gode sommervejr fik ikke charterrejserne til at falde i pris - sommerhusleje og flyrejser er den primære grund til den større end ventede stigning