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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. 

    Article
  • 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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  • Increase in construction costs

    The construction costs of residential buildings increased by 0.5 per cent from March to April this year.

    Article
  • Less expensive air transport

    Passenger air transport prices were 10.6 per cent lower in the 1st quarter of 2017 than in the same quarter last year. Compared to the 4th quarter of 2016, prices decreased 4.5 per cent.

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  • Price increase for legal activities

    Within legal activities, prices increased by 4.5 per cent from the 1st quarter of 2016 to the 1st quarter of 2017. This is the largest yearly growth since the 4th quarter of 2014. Compared to the previous quarter, prices increased by 3.5 per cent.

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  • Price drop in natural gas

    The producer price index fell due to lower prices on energy goods such as natural gas, electricity and refined petroleum products. Higher prices within manufacturing and on crude oil curbed the fall in the total index.

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  • Consumer prices affected by Easter

    The CPI rose 0.2 per cent from March to April, mainly due to increased airfares in connection to Easter. The year-to-year growth in the CPI was 2.2 per cent in April, while the CPI-ATE rose 1.7 per cent in the same period.

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  • Higher food prices

    The price index of first-hand domestic sales (PIF) went up by 0.4 percent from March to April. Higher prices on food products were an important contributor.

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  • HICP up 0.1 per cent from last month

    The harmonized index of consumer prices (HICP) for Norway was 105.5 (2015=100) in April, up 0.1 per cent from March. The year-to-year growth was 2.3 in April, down 0.2 percentage points since March.

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  • House prices up 1.7 per cent

    Prices for existing dwellings were increasing in all regions at the start of 2017. The growth is still highest in the Oslo area, according to seasonally-adjusted figures.

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  • Increased costs for asphalt work

    The maintenance of roads costs increased by 2.5 percent from the fourth quarter of 2016 to the first quarter of 2017. The asphalt work costs rose by 5.5 percent in the same period.

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