Norway: Inflation comes in at highest level since October 2008 in April
Consumer prices rose 1.17% over the previous month in April, picking up from March’s 0.59% increase. April’s result marked the highest reading since February 2010. Looking at the details of the release, food and non-alcoholic beverages prices rose in April after dropping in the previous month, while prices for housing and utilities increased at a brisker pace.
Inflation increased to 5.4% in April, following March’s 4.5%. April’s figure was the highest inflation rate since October 2008. Accordingly, annual average inflation edged up to 3.9% in April (March: 3.7%). Finally, core inflation rose to 2.6% in April, from March’s 2.1%.