Inflation in January fell to 11.7 percent according to the CPI measure. This can be compared with 12.3 percent the month before, according to Statistics Norway (SCB). The decline was somewhat greater than expected. Analysts had expected on average that inflation – that is, the increase in consumer prices at an annual rate – would fall to 11.8 percent, according to a compilation of forecasts made by Bloomberg. – There is still very high inflation. A little joy, of course, that inflation seems to have peaked, but it’s going down quite slowly, it was a small decline after all. Our assessment is that inflation in the coming months will remain high even if the peak has been reached, comments Swedbank’s head of forecasting Andreas Wallström. In the player above: The entire interview with Swedbank’s head of forecasting Andreas Wallström.
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Inflation is falling – somewhat more than expected: “Little joy”
