Norway Inflation Rises To 3.5%

Norway's consumer prices rose to the highest level in more than a year in August, Statistics Norway reported Wednesday.

Consumer price inflation rose to 3.5 percent in August from 3.3 percent in July. This was the highest since April 2024, when the rate was 3.6 percent.

Meanwhile, core inflation held steady at 3.1 percent in August.

Within overall index, housing and utility costs increased the most in August, up 6.3 percent from the last year. Costs of food and non-alcoholic beverages advanced 5.4 percent, while clothing and footwear costs decreased 2.5 percent.

On a monthly basis, consumer prices dropped 0.6 percent and core consumer prices slid 0.7 percent in August.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.