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Although the I-44 is little changed since the previous Report, there are differences in trade price movements in opposition to various currencies (Chart 2.E). The krone depreciated more than many other currencies, such as the euro and Swedish krona. The krone change fee, as measured by the import-weighted change price index I-44, is now considerably stronger than assumed in March (Chart 2.D), however has fluctuated extensively all through the interval. Inflation is projected to increase slightly in 2025 Q3, primarily as a result of base impact stemming from the decline in childcare costs in August 2024 dropping out of four-quarter inflation.
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- (2020) “Oil value drivers, geopolitical uncertainty and oil exporters’ currencies”.
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