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Norway Inflation June 2018

Norway: Inflation accelerates in June

Consumer prices rose 0.6% month-on-month in June, coming in significantly above the 0.1% increase recorded in May. According to Statistics Norway, June’s reading was due to increased prices for food and non-alcoholic beverages; housing, water, electricity, gas and other fuels; transport; and recreation and culture.

Inflation, meanwhile, accelerated to 2.6% in June from May’s 2.3%. Annual average inflation was unchanged at 1.8% in June from May.

Core consumer prices—which are adjusted for tax changes and exclude energy prices—increased 0.4% month-on-month in June, up from May’s 0.2% increase. Core inflation inched down to 1.1% in June from 1.2% a month earlier.

Norway Inflation Forecast

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