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Norway Consumer Prices Rise; Producer Price Inflation Slows

(RTTNews) - Norway's consumer price inflation rose in November, while producer price growth slowed, data from Statistics Norway showed on Friday.

The consumer price index rose 5.1 percent year-on-year in November, after a 3.5 percent increase in October. Economists had expected prices to rise 4.6 percent.

Prices for housing, water, electricity, gas and other fuels increased 16.1 percent yearly in November. Prices for restaurants and hotels, and transport gained by 5.9 percent and 5.5 percent, respectively.

Prices for health, and recreation and culture rose 2.9 percent and 2.7 percent, respectively.

Core inflation increased to 1.3 percent in November from 0.9 percent in the preceding month. Economists had expected a rate of 1.2 percent.
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