Norway: Inflation accelerates in January
February 10, 2020
Consumer prices were flat in January, following up December’s 0.3% fall. The reading was primarily due to higher prices for food and non-alcoholic beverages, which were offset by lower prices for housing and utilities.
Inflation rose to 1.8% in January from 1.3% in December, consequently moving closer from the Norges Bank’s 2.0% target rate. Meanwhile, average inflation ticked down to 2.1% in January from 2.2% the month prior.
Author: Steven Burke, Economist