Norway: Inflation hits highest level for 5 months in June
July 10, 2020
Consumer prices rose 0.18% in June over the last month, stable from May's 0.18% rise. Looking at the details of the release, prices for housing and utilities dropped in June, while price pressures for transportation rose. Meanwhile, food and non-alcoholic beverages prices shrank at a quicker pace.
Inflation came in at 1.4% in June, up from May’s 1.3%. June's reading represented the highest inflation rate since January. Annual average inflation was unchanged at May's 1.4% in June while core inflation rose to 3.1% from the previous month's 3.0%.