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Norway Inflation November 2021

Norway: Inflation hits over 13-year high in November

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%.

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