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.
