Norway: Inflation continues to rise in February
March 10, 2012
In February, consumer prices rose 0.31% over the previous month in seasonally adjusted terms, after adding 0.15% in January. According to Statistics Norway, the February price increase was the result of higher costs for energy and food. Annual headline inflation increased from 0.5% in January to 1.2% in February, which overshot market expectations that had inflation rising to 0.9%. Meanwhile, core inflation, which excludes taxes, fees and energy prices, added 0.2% over the previous month, which mirrored January's figure. On an annual basis, core inflation inched up from January's 1.3% to 1.4% in February.