Norway CPI rises to 3.3% YoY in August, beats forecast

Norway's August CPI printed 3.3% year-over-year, beating the 3.2% estimate and climbing from 3.0% prior; underlying CPI held at 3.0% as expected but rose 0.3pp from prior. The monthly CPI and core metrics both softened, signaling easing seasonal pressures. NOK traders now weigh persistent inflation against Norges Bank's rate path as hawkish Fed repricing dominates FX momentum this week.