Norwegian food prices are increasing most in the Nordic countries

Photo: Lise Åserud / NTB scanpix

Since 2005, Norwegian food prices have increased by 57 %. During the same period, prices in Sweden, Denmark and Finland increased by 37, 27 and 26 % respectively.

Figures are from Statistics Norway (Statistisk sentralbyrå – SSB).

The figures compare the prices of food products between the years 2005 and 2018. Norwegian food prices have probably been less affected by international ups and downs as a result of Norway not being a member of the EU, Statistics Norway writes.

Import protection for Norwegian meat and dairy products was probably a contributing factor to the stable strong growth. In the 13-year period, prices of fish and cereal products rose most in Norway.

In the period 2005 to 2016, Norwegian food prices rose an average of 4.4 % per year. In the years 2017 and 2018, the price increase slowed somewhat – by 0.7 and 1.7 % respectively.

Norway has been outside the EU and has had different market conditions for food than our neighbouring countries. There has been a high degree of protection of meat products and dairy products in Norway. These types of goods have had exceptions to the “free flow principle” in the EEA agreement, Statistics Norway reports.

Norway has also been in a more favorable economic situation than neighbouring countries due to oil revenues, it further states.

© NTB Scanpix / #Norway Today

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