Norway Core CPI-ATE (YoY)
Published:
12-month change in Norway's core inflation measure, CPI-ATE (adjusted for tax changes, excluding energy), published by Statistics Norway.
Full explanation
Norway Core CPI-ATE (YoY) is the 12-month percentage change in Statistics Norway's CPI adjusted for tax changes and excluding energy products (CPI-ATE), Norway's main core inflation measure and a key input for Norges Bank. It is not seasonally adjusted. The calendar labels it "Core CPI YTD", but the figure is the change from the same month a year earlier, not a year-to-date change. It is a core measure and is different from headline CPI and from other CPI variants such as CPI-AT or CPI-AE.
Why traders watch it
Norges Bank pays close attention to CPI-ATE when setting interest rates, so surprises can move the krone and rate expectations.
Stronger vs weaker outcomes
A higher-than-expected reading points to stronger underlying inflation and can raise expectations of tighter Norges Bank policy; a lower reading points the other way.
A higher reading means underlying Norwegian inflation rose faster.
A lower reading means it rose more slowly.
Higher means firmer core inflation; lower means softer.
Release details
- Release frequency
- Monthly
Typical volatility
High. Despite the calendar label, this is a 12-month rate, not year-to-date. Do not compare it with headline CPI.
Trading considerations
- Compare with Norges Bank projections.
- Remember the calendar label says YTD but the figure is 12-month.
Educational guidance only — never a trading signal or recommendation.
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