Norway: Inflation eases in October
Consumer prices dropped 0.26% from the previous month in October, swinging from September’s 1.03% rise. October’s result marked the weakest reading since March. The figure was largely driven by falling prices for housing and utilities.
Inflation dropped to 3.5% in October, following September’s 4.1%. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 2.8% in October (September: 2.6%). Finally, core inflation fell to 0.9% in October, from September’s 1.2%.