Ruralis: People in the Norwegian villages are hit harder by increased electricity and fuel prices

Photo: Stian Lysberg Solum / NTB
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The high prices of electricity and fuel have a stronger effect on the Norwegian countryside and can make it more expensive to live there, according to Ruralis.

Rising prices for electricity and fuel mean that companies have to raise prices for customers.

“An example of this is, for example, that craftsmen have to increase their prices to compensate for higher fuel prices. This will make it more expensive to build houses, and this will hit the districts harder than the cities,” researcher Jostein Brobakk in Ruralis stated.

He points out that the market price for houses is already much lower in rural areas than in the city.

“With increased prices for input factors, this difference will increase. As a result, both the business community and the population in the districts will be hit harder than those who live in the cities,” Brobakk said.

He also points out that the farmers’ finances may be weakened, as farmers can not transfer increased costs to customers as other companies can.

Source : © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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