Prices in Norway were 6.9 per cent higher in September than a year ago. This is shown by the consumer price index of Statistics Norway (SSB). – Price inflation continues to be high, and increases again after a certain decrease in August. We have to go back to June 1988 to find higher twelve-month growth, says section head Espen Kristiansen at Statistics Norway. From August to September, prices have risen by 1.4 per cent. In particular, the prices of food and non-alcoholic beverages are raised. The shopping trip in the store was 12.1 per cent more expensive in September than the same month last year, according to Statistics Norway. Norwegians have not experienced such a price jump for food since the beginning of the 1980s. Far higher than Norges Bank wants, Norges Bank has a target that prices should not rise by more than 2 per cent a year. Therefore, the interest rate is raised quickly to bring down inflation. The number the central bank is most concerned with is the rise in prices excluding taxes and energy prices, the so-called core inflation. It has risen by 5.3 per cent in the past year. Statistics Norway has never measured higher core inflation. The measurement started in 2001. While electricity prices particularly picked up price growth a year ago, core inflation shows that prices are rising broadly. – Most goods and services go up in price, and many of them also go up more than before. There are unusually few goods and services that fall in price and dampen price growth, says Kristiansen.
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Biggest price jump for food since the beginning of the 80s – news Norway – Overview of news from different parts of the country
