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Energy prices rose sharply in November
The prices of gas, electricity and refined petroleum products all increased relatively much in November. This resulted in energy prices overall in the PPI rising by 9.6 per cent.
CPI up 6.5 per cent last 12 months
From November 2021 to November 2022 the Consumer Price Index (CPI) increased by 6.5 per cent, while the CPI adjusted for tax changes and excluding energy products (CPI-ATE) rose by 5.7 per cent. The CPI decreased by 0.2 per cent from October 2022 to November 2022, while the CPI-ATE decreased by 0.1 per cent in the same period.
The cash-for-care reform and immigrant fertility. Fewer babies of poorer families?
Cash-for care policies are contested in many contexts, as they represent an incentive for childrearing over work that may reduce labour market participation, especially among immigrant women.
3% interest peak in the New Year
The Norwegian economy is characterised by low unemployment, high consumer price growth, falling house prices and rising interest rates. In the short term, a moderate decline in the economy is expected, but mainland GDP is nevertheless expected to remain cyclically neutral in the next few years.