Norway’s inflation reaches highest level since 2008
Headline reading reaches 5.3%, while core inflation increases by 0.5% to 1.8%
Inflation in Norway rose sharply in December to reach its highest level since October 2008, according to official data released on January 10.
Headline CPI inflation rose from 5.1% to 5.3%. The figures were boosted by higher energy prices, which rose year on year by 15.9%.
The increase in the headline figure surprised most analysts. The consensus expected a slight decline. For instance, Capital Economics forecast inflation would fall to 4.5%.
Higher energy prices drove Norway’s parliament to
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