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Norway Inflation Rises September

Norway's consumer price inflation accelerated for the first time in eleven months in September, though slightly, data from Statistics Norway showed Tuesday.

Inflation rose to 1.6 percent in September from 1.3 percent in August. Meanwhile, it was forecast to ease to 1.2 percent.

Utility costs grew 3.4 percent annually in September and transport costs climbed by 2.8 percent. On the other side, prices of food and non-alcoholic beverages registered a decline of 1.9 percent.

Core inflation increased marginally to 1.0 percent in September from 0.9 percent in the previous month.

Another report from the statistical office revealed that producer price inflation quickened to a four-month high of 8.7 percent in September from 4.0 percent in August.

Month-on-month, producer prices climbed 2.9 percent after a 0.4 percent rise in the preceding month.

by RTTNews Staff Writer

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