Norway: Inflation dips again in February
March 10, 2017
Consumer prices in February rose 0.4% from the previous month, contrasting January’s 0.1% decline. According to Statistics Norway, the price rise was driven by higher prices for food and non-alcoholic beverages, alcoholic beverages and tobacco and furnishings, household equipment and routine maintenance.
Inflation came in at 2.5% in February (January: 2.8%), the lowest reading in over a year, while annual average inflation was 3.5% in February, mirroring January’s figure.
The core consumer price index, which excludes taxes, fees and energy prices, increased by 0.5% month-on-month in February (January: -0.5% mom). Core inflation eased from 2.1% in January to 1.6% in February.