Annual producer inflation in Norway eased to 18.7 percent in December of 2022 from 22.3 percent in the previous month. It was the lowest producer inflation since March of 2021, as prices slowed for all sub-indices: electricity, gas and steam (34 percent vs 43.2 percent in November); energy goods (21.9 percent vs 26.7 percent); manufacturing (17.1 percent vs 20.7 percent); and extraction of oil and natural gas (19.6 percent vs 21.8 percent). On a monthly basis, producer prices advanced 4.9 percent in December, slowing from a 5.2 percent gain in November. source: Statistics Norway

Producer Prices Change in Norway averaged 8.50 percent from 2000 until 2022, reaching an all time high of 79.40 percent in March of 2022 and a record low of -18.70 percent in November of 2001. This page provides - Norway Producer Prices Change - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

Producer Prices Change in Norway is expected to be 15.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Producer Prices Change is projected to trend around 3.00 percent in 2024, according to our econometric models.

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Norway Producer Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2022-12-09 07:00 AM Nov 22.3% 19.8% 15.1%
2023-01-10 07:00 AM Dec 18.7% 22.3% 20%
2023-02-10 07:00 AM Jan 18.7%


Related Last Previous Unit Reference
Inflation Rate 5.90 6.50 percent Dec 2022
Harmonised Consumer Prices 128.10 128.20 points Dec 2022
Consumer Price Index CPI 125.90 125.80 points Dec 2022
Core Inflation Rate 5.80 5.70 percent Dec 2022
Core Consumer Prices 121.00 120.50 points Dec 2022
GDP Deflator 167.14 150.92 points Sep 2022
Producer Prices 213.90 203.90 points Dec 2022
Producer Prices Change 18.70 22.30 percent Dec 2022
Export Prices 189.20 200.40 points Dec 2022
Import Prices 204.40 198.90 points Dec 2022
Food Inflation 11.45 12.69 percent Dec 2022
Inflation Rate MoM 0.10 -0.20 percent Dec 2022
CPI Transportation 128.30 129.30 points Dec 2022
CPI Housing Utilities 134.20 135.00 points Dec 2022

Norway Producer Prices Change
In Norway, the Producer Price Index measures the price development of first hand sales of products to the Norwegian market, from Norwegian production and export. Manufacturing prices account for 54 percent of the total index. The biggest segments within Manufacturing prices are: Food, beverages and tobacco (12 percent), refined petroleum products (8 percent) machinery and equipment (6 percent) and basic metals (5 percent). Extraction and related services account for 41 percent, Electricity, gas and steam account for 4 percent and Mining and quarrying account for 1 percent.
Actual Previous Highest Lowest Dates Unit Frequency
18.70 22.30 79.40 -18.70 2000 - 2022 percent Monthly
2000=100

News Stream
Norway Producer Inflation Slows to 21-Month Low
Annual producer inflation in Norway eased to 18.7 percent in December of 2022 from 22.3 percent in the previous month. It was the lowest producer inflation since March of 2021, as prices slowed for all sub-indices: electricity, gas and steam (34 percent vs 43.2 percent in November); energy goods (21.9 percent vs 26.7 percent); manufacturing (17.1 percent vs 20.7 percent); and extraction of oil and natural gas (19.6 percent vs 21.8 percent). On a monthly basis, producer prices advanced 4.9 percent in December, slowing from a 5.2 percent gain in November.
2023-01-10
Norway Producer Inflation Picks Up in November
Producer prices in Norway rose 22.3 percent year-on-year in November of 2022, following a 19.8 percent increase in the prior month, as prices accelerated for both extraction of oil & natural gas (21.8 percent vs 12.9 percent) and energy goods (26.7 percent vs 21.3 percent). Meanwhile, prices rose at softer pace for manufacturing (20.7 percent vs 21.4 percent) and electricity, gas, & steam (43.2 percent vs 61.6 percent). On a monthly basis, producer prices were up 5.2 percent, reversing sharply from a 16.5 percent fall in October.
2022-12-09
Norway Producer Inflation Eases to 18-Month Low
Annual producer inflation in Norway slowed sharply to 19.8% in October of 2022, the lowest reading since April of 2021, from 52.4% in the previous month. Prices eased for all industries namely extraction of oil and natural gas (12.9% vs 92.6% in September); energy goods (21.3% vs 87.4%); electricity, gas, and steam (61.6% vs 95.1%); and manufacturing (21.4% vs 22.9%). On a monthly basis, producer prices shrank 16.5%, after a 7.2% drop in September.
2022-11-10