The prices of food and non-alcoholic beverages fell by 1.3 per cent from July to August, Statistics Norway reports. It is common for prices to fall at this time. Prices in general have risen by 2.6 per cent in the past 12 months, while food prices have risen by 4.5 per cent in the past year, according to Statistics Norway. – It is common for food prices to fall from July to August, and we are also seeing that this year. Nevertheless, the twelve-month growth for food products is 4.5 per cent, which is well above the overall price increase, says section manager Espen Kristiansen. The general price increase of 2.6% is almost halved from the previous year. In the period August 2022 to August 2023, prices rose by 4.8%. Norges Bank’s goal is to reduce inflation to 2%. Vedum on price growth figures: – Good that price growth continues to fall (NTB)
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Food prices fell by 1.3 per cent from July to August – Latest news – news
