Norway: Inflation hits over 13-year high in November
December 10, 2021
Consumer prices increased 0.77% over the previous month in November, contrasting the 0.26% fall seen in October. The rebound was driven by rising prices for housing and utilities and for transport.
Inflation climbed to 5.1% in November, which was up from October’s 3.5%. November's reading was the highest inflation rate since October 2008. Consequently, annual average inflation rose to 3.2% in November (October: 2.8%). Lastly, core inflation rose to 1.3% in November, from October’s 0.9%.