Norway's producer prices surged by 29.4 percent year-on-year in May 2021, accelerating from a 22.5 percent gain in the previous month. This was the fifth straight month of producer inflation and the highest reading since September 2008, as cost rose faster for all categories: energy goods (93.4 percent vs 69.6 percent in April), extraction and related services (74.9 percent vs 53.3 percent), manufacturing (9.6 percent v 7.5 percent), and electricity, gas, and steam (59.8 percent vs 57.8 percent). On a monthly basis, producer prices rose 2.8 percent in May, after edging up 0.1 percent in April. source: Statistics Norway
Producer Prices Change in Norway averaged 4.96 percent from 2000 until 2021, 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. 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 June of 2021.
Producer Prices Change in Norway is expected to be 7.90 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 6.00 in 12 months time. In the long-term, the Norway Producer Prices Change is projected to trend around 6.00 percent in 2022 and 2.20 percent in 2023, according to our econometric models.