Norway: Inflation recedes further in December
Inflation came in at 5.9% in December, which was down from Novembers 6.5%. December’s reading marked the lowest inflation rate since May. Looking at the details of the release, prices for housing and utilities grew at a more moderate rate in December. Prices for transportation also rose at a softer rate.
Still, the trend pointed up slightly, with annual average inflation coming in at 5.8% in December (November: 5.7%). Meanwhile, core inflation ticked up to 5.8% in December, from Novembers 5.7%.
Lastly, consumer prices increased 0.08% in December over the previous month, swinging from November’s 0.16% fall.