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The economic standstill in Norway will end soon

Going forward, activity in the Norwegian economy is expected to pick up, while inflation will continue to fall. Lower inflation and reduced interest rates among our trading partners will eventually lead to key policy rate cuts in Norway.

Salmon price in the period of June 3rd – June 9th

In the period of June 3rd – June 9th the export price of fresh salmon came to NOK 92.20 per kilo, down by 12.1 per cent compared to the previous seven-day period.

CPI up 3.0 per cent last 12 months

From May 2023 to May 2024 the Consumer Price Index (CPI) increased by 3.0 per cent, while the CPI adjusted for tax changes and excluding energy products (CPI-ATE) rose by 4.1 per cent. The CPI decreased by 0.1 per cent from April 2024 to May 2024, while the CPI-ATE increased by 0.5 per cent.

High price increase on basic metals

Prices of basic metals increased sharply in May, which was the fourth month in a row with price increases. Seafood prices also reached new highs this month. These are two of several examples showing that export-oriented industries have been getting better prices for their goods lately.

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