Increased food prices The comparison of food prices and wage development says something if you get more, less, or just as much for the money. When developments on food prices are higher than wage developments, this means that food has become more expensive. Both numbers are average for the specified period. Read more about sources and reservations here. How much food prices have increased over the past year, together with wage development – it affects me tremendously, really, says shopping customer Anna Stang to news. The prices of food and non -alcoholic beverages rose by 1.8 per cent from January to February. The total price growth in society is 3.6 per cent in the past year. There are figures from Statistics Norway (Statistics Norway) who presented new figures now at eight. The so -called consumer price index shows that food prices rose by 1.8 per cent from January to February this year. The total prices in society increase by 3.6 per cent from February 2024 to February 2025 from February 2024 to February 2025 increased food prices by 7.5 per cent – we have had a fairly significant price growth from February to January, which was unexpected for central banking and analysts. I want to say this is so powerful that it can put the interest rate cut in March. This is the says chief economist at Akershus Eiendom, Kari Due Andresen to news. – If I affect me tremendously other Stang is just one of many Norwegians who do not like the high prices at all. – You can say I get training in moving. For I have to go between all the different stores and find what I need, says Stang to news. – What do you think that prices rise as they do? – I think it is absolutely awful, and I think it is not necessary. It is such a “hypa” thing, I know. – Inflation shock Most economists have expected that Norway will get the first interest rate cut in five years in March. Inflation is especially dragged up by food and stream. Food and drink is 7.5 percent more expensive than a year ago, while Straum and online rent cost 7.1 per cent more, according to Statistics Norway. – This is a never so small inflation shock, says Kyrre Knudsen. He is the chief economist of SpareBank 1 Southern Norway and he believes the inflation will have an impact on the wage settlement. – They had assumed 2.5 per cent, with these figures they come enough to upgrade the number. It’s a really shock, says Knudsen. The key policy rate as a percentage rate is set eight times a year by Norges Bank. The key policy rate controls interest rates in the banks and affects your housing expenses. The goal of setting up interest rates is for the high prices to go down again. The forecast tells us how Norges Bank believes interest rates will develop in the future. Read more about sources and reservations here. Higher key policy rate means increased expenses if one has the mortgage loan The goal of Norway’s bank is that price growth in society should be around 2 per cent over time. – Far above expectations Chief economist in DNB Markets Kjersti Haugland calls the speech “sensational”: – This was well above expectations, she says to news. Haugland says that there is such a drive in the rise in prices that DNB no longer assumes that Norway’s bank will cut the control interest rate in March – which was long expected. DNB now estimates two cuts in 2025 from the fall of. She points out that there are special goods and services produced in Norway that Stig unexpectedly. – We can see that in the context of the high wage growth in Norway over a time, while at the same time as productivity growth has been quite low, says Haugland. Chief economist at Sparebank 1 Harald Magnus Andreassen does not believe Norway’s bank will cut interest rates with the first, and that many components have contributed to the large growth. Growth: Chief economist at SpareBank 1 Harald Magnus Andreassen is not surprised by the rise in prices. Photo: CF-WENSENBERG-Unemployment has been lower than Norway’s bank assumed. The krone exchange rate is also weaker, and interest rates have increased a bit because of the new EU defense and financial packages. Sjoko-shock The Research Institute SIFO has found that food prices for an average family have increased by 33 per cent in three years. There is no doubt that it will be more expensive and more expensive to shop in the store, not least for what we like to enjoy most. – The prices ran for most food groups, but things like chocolate and other sugar -minded goods ranked especially in price. Prime Minister Jonas Gahr Støre calls for a chocolate in the parliamentary hall during the financial debate in 2024. Photo: NTB It says Espen Kristiansen in Statistics Norway in a press release. The prices of chocolate rose by over 24 percent from February 2024 to February 2025. It is the strongest growth over 12 months that has ever been measured. Easter-drop? Usually, food prices rise in February because of the suppliers and grocery chains say annual price adjustment. Although some goods that are judged chocolate tend to become cheaper before Easter, food researcher Ivar Pettersen awaits a noticeable growth. – I still think that the food prize flood is relatively clear above the goal that Norway’s bank has for price increases. – How much are you expecting food prices to rise this year? – My guess will be about as in 2024, that we come out between 3.5 and 4.5 percent, says Pettersen. Published 10.03.2025, at. 08.01 Updated 10.03.2025, at. 14.47
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