• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

Norway’s December core inflation lower than expected

by January 10, 2025
written by January 10, 2025

OSLO (Reuters) – Norway’s core inflation rate eased more than expected in December, Statistics Norway (SSB) data showed on Friday, supporting forecasts that interest rates will begin to decline this year.

Core inflation, which strips out changing energy prices and taxes, stood at 2.7% year on year, down from 3.0% in November and below the 2.8% expected by analysts in a Reuters poll.

Norges Bank had expected core inflation of 2.8%.

Norges Bank in December kept interest rates on hold at a 16-year high of 4.50% and said it planned to cut rates three times in 2025, down from four cuts seen previously, with the first easing expected in March.

The central bank, which targets core inflation of 2.0%, said at the time that it expected the policy rate to decline to 3.75% by the end of 2025, in a blow to global monetary easing hopes.

Norges Bank is scheduled to make its next policy rate announcement on Jan. 23.

The price of food and non-alcoholic beverages rose by 4.0% year-on-year, making it a significant contribution to inflation, the SSB data showed.

Headline inflation, which includes changes in energy costs and taxes, eased in December to 2.2% from 2.4% in November, while analysts in the Reuters poll had expected a reading of 2.5%.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Analysis-China central bank is moving faster towards its policy limits
next post
Taiwan stocks lower at close of trade; Taiwan Weighted down 1.39%

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Policy uncertainty clouding the US economic outlook for 2025, Wells Fargo says
    • US judge orders Google to open up app store to competition

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy