Norway's producer price inflation accelerated further in May to the highest level in nearly four years, data from Statistics Norway showed on Tuesday.
The producer price index climbed 24.0 percent year-on-year in May, following a 22.7 percent spike in the prior month.
Moreover, the latest rate of growth was the quickest since September 2022, when prices surged 52.3 percent.
Prices in the utility sector alone grew by 58.5 percent from last year. The price index for energy goods rose sharply by 41.2 percent, and those for extraction and related services climbed by 32.9 percent. Data showed that manufacturing prices logged an increase of 9.4 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.