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Chief economist: World Cup may affect inflation
NO🏛️ PoliticsCenter11 hr. ago

Chief economist: World Cup may affect inflation

The article discusses how the FIFA World Cup (VM) could influence inflation in Norway during the summer, particularly through increased activity in the hospitality sector and alcohol sales. It mentions that football jerseys and extra events in Oslo might contribute to price increases. Analysts expect inflation to rise to 3.2% in June data, which will be released on Friday. Olav Chen, head of allocation and global rates at Storebrand, notes that the World Cup could have a noticeable impact on service industries, especially late-night alcohol service and the catering industry. He suggests that the effects on inflation would likely be more visible in July figures, which will be published in August. The article also references recent inflation trends, including a 3.2% increase in accommodation and food services compared to last year, and highlights that the Norwegian Central Bank is monitoring these developments closely while maintaining interest rates at 4.25%.

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VG – Verdens Gang logoVG – Verdens GangIndependentCenter11 hr. ago
Chief economist: World Cup may affect inflation

The article discusses how the FIFA World Cup (VM) could influence inflation in Norway during the summer, particularly through increased activity in the hospitality sector and alcohol sales. It mentions that football jerseys and extra events in Oslo might contribute to price increases. Analysts expect inflation to rise to 3.2% in June data, which will be released on Friday. Olav Chen, head of allocation and global rates at Storebrand, notes that the World Cup could have a noticeable impact on service industries, especially late-night alcohol service and the catering industry. He suggests that the effects on inflation would likely be more visible in July figures, which will be published in August. The article also references recent inflation trends, including a 3.2% increase in accommodation and food services compared to last year, and highlights that the Norwegian Central Bank is monitoring these developments closely while maintaining interest rates at 4.25%.

Bias read (Center): The article presents information about potential inflationary pressures caused by the World Cup without overtly favoring any political stance. While it discusses economic implications and quotes analysts, it does not take a clear ideological position or emphasize specific political agendas. The tone

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