FX.co ★ Norway's PPI Shows Improvement in April Despite Year-over-Year Decline

In Norway, the Producer Price Index (PPI) demonstrated improvement in April 2024 compared to the previous month. The latest data, updated on May 10, 2024, reveals that the current PPI reached -4.5%, showing a significant improvement from the previous indicator of -6.9% in March 2024. Despite this positive monthly change, the Year-over-Year comparison still shows a decline in the PPI.

The Year-over-Year PPI comparison provides insight into the change in the PPI for April 2024 compared to the same month a year ago. While the current indicator reflects an improvement from the previous month, the overall trend indicates a decline in the PPI compared to the previous year. The latest data underscores the importance of monitoring both monthly and Year-over-Year changes to gauge the overall performance of Norway's producer prices in the market.