Norwegian Inflation Expectations Remain Worrisome

The Q2 Norwegian inflation survey shows a rise in both business CPI expectations and wage growth forecasts, supporting the case for Norges Bank to hike rates further to 4.50%.

Key Takeaways

• 1.Inflation expectations in the Q2 survey were revised higher, reinforcing concerns about persistent inflation.
• 2.Business leaders anticipate short-term CPI to average 4.1%, a worrisome indicator for domestic price setting.
• 3.Wage growth expectations for 2026 have risen to 4.5%, exceeding the 4.4% wage norm.

Table of Contents

• Inflation expectations remain worrisome
• Details:
• CPI expectations
• Wage growth
• Business profitability
• Implications Norges Bank

Document Preview

Page 1 of 4

Subscribe for full accessStart Free Trial