Norway: Inflation increases in December
January 9, 2015
In December, consumer prices were flat over the previous month, which followed the 0.1% increase tallied in November. The print was in line with market expectations. According to Statistics Norway, the monthly print mainly reflected that lower prices for food and non-alcoholic beverages, and transportation were offset by higher prices in all of the remaining categories.
Annual headline inflation inched up from 1.9% in November to 2.1% in December, which marked the highest print in three months. Annual average inflation stabilized at the previous month’s 2.0% in December.
Meanwhile, the core consumer price index, which excludes taxes, fees and energy prices, fell 0.1% in December (November: +0.1% month-on-month). Annual core inflation stabilized at November’s 2.4% in December.