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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.