Norway's Record Salary Increase, Inflation Accelerates; Denmark's Inflation at Record Low

Norway's average monthly salary has seen the fastest pace of increase on record, raising concerns about a potential wage-price spiral in the Nordic country. Additionally, underlying inflation in Norway has accelerated for the first time in 4 months, solidifying the likelihood of one more rate hike. Meanwhile, Denmark has recorded almost no inflation, with the rate of price increases dropping to its lowest level since May 2020.