Norway's Producer Price Index y/y reflects the dynamics of prices for goods produced and sold by Norwegian companies domestically and in foreign markets. The index measures a change in prices from the producer perspective, in the given month compared to the same month a year ago. The index covers goods, which are delivered as final products to retail trade, are subject to investment, or are transferred to other production sectors as intermediates.
The Producer Price Index is considered as a leading indicator of consumer prices: rise in consumer prices always follows PPI growth. The PPI growth is an indicator of inflation growth and in can be generally seen as positive for the NOK quotes.