Norway: Inflation stabilizes in September
October 10, 2012
In September, consumer prices rose 0.9% over the previous month, which contrasted the 0.4% drop tallied in the previous month. According to Statistics Norway, the monthly rise was broad-based as all but one of the main subcategories recorded positive readings, particularly strong increases were seen in education as well as in clothing and footwear. Despite the monthly jump, annual headline inflation remained stable at August's 0.5%, matching market expectations Meanwhile, the core consumer price index, which excludes taxes, fees and energy prices, rose 1.2% over the previous month, which contrasted the 0.7% decline observed in August. On an annual basis, core inflation was unchanged at August's 1.2%.