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Prices and price indices
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Stable increase in commercial property rents
Commercial property rents increased by 2.5 per cent from 2014 to 2015. In the period from 2010-2015, rents increased by almost 15 per cent.
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HICP up 0.2 per cent from last month
The harmonized index of consumer prices (HICP) for Norway was 106.4 (2015=100) in July, up 0.2 per cent from June 2017. The year-to-year growth was 1.4 per cent in July, down 0.5 percentage points since June.
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Natural gas prices pulled down the PPI
The producer price index (PPI) fell for the fifth month in a row from June to July. This time it was lower prices on natural gas that were the most important contributor.
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CPI up 1,5 per cent last twelve months
The year-to-year growth in the Consumer Price Index (CPI) was 1.5 per cent in July. The CPI-ATE rose 1.2 percent in the same period.
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House prices down 0.4 per cent
The prices for existing dwellings decreased in many regions in the second quarter of 2017. The largest fall was in the Oslo region and the southern parts of Norway, according to seasonally adjusted figures.
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Energy prices fell in June
The decline in the PPI from May to June 2017 was due to a price drop on energy goods of 5.6 per cent. Lower prices on crude oil, refined petroleum products and electricity were the main cause.
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CPI rose 0.4 per cent in June
The Consumer Price Index (CPI) rose 0.4 per cent from May to June, mainly due to increased prices on airfares and higher food prices. The year-to-year growth in the CPI was 1.9 per cent in June, while the CPI-ATE rose 1.6 per cent the last twelve ...
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Increased costs for asphalt work
Road construction costs increased by 3.5 per cent from the second quarter of 2016 to the second quarter of 2017. In the same period, the road maintenance costs rose by 4.9 per cent.
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New dwellings more expensive
The prices for new flats, small houses and detached houses have increased during the last year.
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Norway fourth place in GDP comparison
The latest released figures for price level adjusted GDP per capita show that Norway is 49 percent over the European average.
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Increase in construction costs
The construction costs of residential buildings increased by 0.4 per cent from April to May this year. Labour costs rose by 0.9 per cent in the same period.
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Upward trend in manufacturing prices
The PPI fell by 0.8 per cent from April to May. This was to a large degree caused by a lower price of crude oil. The prices within manufacturing fell slightly this month, but have mostly been upward trending the last twelve months.
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Small increase in the CPI
The CPI rose 0.2 per cent from April to May, mainly due to increased food prices. The year-to-year growth in the CPI was 2.1 per cent in May, while the CPI-ATE rose 1.6 per cent the last twelve months.
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HICP up 0.3 per cent from last month
The harmonized index of consumer prices (HICP) for Norway increased by 0.3 per cent from April to May. The year-to-year growth was 2.2 in May, down 0.1 percentage points since April.
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Higher electricity prices for households
The average price of electricity for households, excluding taxes and grid rent, was 34.3 øre per Kwh in the first quarter of 2017. This is 20 per cent higher compared to the first quarter in 2016.
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