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.

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

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

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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%.