Prices Have Risen by 3.6 Percent in the Past Year
5 Articles
5 Articles
Even though prices rose in October, core inflation has fallen over the past year. That could be good news for people's wallets, says Kyrre M. Knudsen, chief economist at Sparebank 1 Sør-Norge.
Last year, prices rose by 3.6 percent, according to figures from Statistics Norway.
Prices rose by 3.6 percent in the last twelve months, according to figures from Statistics Norway. The price of food rose by 1.6 percent in the same period. Food prices fell by 0.4 percent from September to October. Core inflation in the last 12 months was 2.7 percent.
Inflation was somewhat lower than expected in October. High electricity prices helped lift inflation, while food prices fell for the third consecutive month.
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