Food prices in Norway rose by 4.5% in the last year

Supermarket foodPhoto: Heiko Junge / NTB

Prices in Norway rose by 1.7% from October last year to October this year, according to Statistics Norway (SSB).

The consumer price index (CPI) rose 1.7% from October 2019 to October 2020, and the development of food prices was the most important reason for the increase, SSB announced on Tuesday.

Food prices rose by 4.5% in the last year. 

Increased prices for cars, furniture, furnishings, and decorative items also contributed to the twelve-month growth in the CPI.

Electricity prices pulled in the opposite direction, with electricity prices including grid rent being 24.1% lower than in October last year.

The decline in clothing and fuel prices, among other things, also contributed to curbing the rise in the CPI during this period.

© NTB Scanpix / #Norway Today

Be the first to comment on "Food prices in Norway rose by 4.5% in the last year"

Leave a comment

Your email address will not be published.