Norway: Inflation hits nine-month low in February
March 10, 2015
In February, consumer prices rose 0.4% over the previous month, which contrasted the 0.1% drop tallied in January. The print was slightly below the 0.5% increase that market analysts had expected. According to Statistics Norway, the monthly print mainly reflected a strong rise in food and non-alcoholic beverages.
Annual headline inflation inched down from 2.0% in January to 1.9% in February, which marked a nine-month low. Annual average inflation remained at the previous month’s 2.0% in February.
Meanwhile, the core consumer price index, which excludes taxes, fees and energy prices, rose 0.5% in February (January: -0.1% month-on-month). Annual core inflation stabilized at January’s 2.4% in February.