Today: Sunday, 27 November 2022 year

Inflation in Norway reaches record high since 1988

Inflation in Norway reaches record high since 1988

The Norwegian Central Bureau of Statistics said that prices for goods and services in the kingdom rose by an average of 6.3% over the past year, the highest since 1988.

As SSB spokesman Espen Christiansen noted, in June, the increase in fuel and food prices contributed to further acceleration of annual inflation.


Thus, food prices have risen by 2% in the last month alone. This price level is “unusually high,” he said.


Eurostat previously reported that the rise in prices for food, tobacco and alcohol in the euro area in June reached a record high of 8.9%.