Statistics Norway: Unusually strong growth in food prices reported in January

Store - foodPhoto: Heiko Junge / NTB
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An unusually high rise in food prices and fuel prices contributed to the Consumer Price Index (CPI) rising by 1.1% from January to February.

From January to February this year, food prices rose 4.5%, which is a rare and large increase.

The rise in prices of fuel also pushed up the index. From January to February, prices rose by 5.7%, while prices in February were 21.2% higher than the same month last year, according to Statistics Norway (SSB).

“The high price level for this group can be seen in connection with higher oil prices as a result of turmoil in the market,” section manager at Statistics Norway (SSB) Espen Kristiansen stated.

From February last year to February this year, the CPI rose 3.7%, which is up from 3.2% last month, the SSB noted.

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

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