Norway's annual producer inflation eased to 5.2 percent in March 2019 from a three-month high of 8.0 percent in the previous month, as prices rose at a softer rate for extraction and related services (6.9 percent vs 12.7 percent in February) and electricity, gas & steam (12.3 percent vs 25.5 percent), while water supply inflation was steady (at 11.3 percent). At the same time, cost of manufacturing went up faster (3.7 percent vs 3.3 percent). On a monthly basis, producer prices dropped 2.1 percent in March, following a 0.4 percent rise in February. Producer Prices Change in Norway averaged 6 percent from 2000 until 2019, reaching an all time high of 33.90 percent in August of 2008 and a record low of -18.70 percent in November of 2001.
Producer Prices Change in Norway is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Norway to stand at 2.30 in 12 months time. In the long-term, the Norway Producer Prices Change is projected to trend around 2.20 percent in 2020, according to our econometric models.