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New articles, analysis and publications
Continued substantial trade balance surplus
The current account surplus versus abroad ended at 175 billion NOK in the third quarter of 2025. The trade balance showed a surplus of NOK 139 billion. Norway’s net foreign assets grew by 887 billion NOK.
CPI up 3.0 per cent last 12 months
From November 2024 to November 2025 both the Consumer Price Index (CPI) and the CPI adjusted for tax changes and excluding energy products (CPI-ATE) rose by 3.0 per cent. The CPI increased by 0.1 per cent from October 2025 to November 2025, while the CPI-ATE decreased by 0.3 per cent in the same period.
Salmon price in the period of December 1st – December 7th
In the period of December 1st – December 7th the export price of fresh salmon came to NOK 88.83 per kilo, up 7.7 per cent compared to the previous seven-day period.
Decomposing the Output Gap
This paper introduces two methodological improvements to the Hodrick– Prescott (HP) filter for decomposing GDP into trend and cycle components.
