Norway’s inflation reaches highest level since 2008


Inflation in Norway rose sharply in December to reach its highest level since October 2008, according to official data released on January 10.

Headline CPI inflation rose from 5.1% to 5.3%. The figures were boosted by higher energy prices, which rose year on year by 15.9%.

The increase in the headline figure surprised most analysts. The consensus expected a slight decline. For instance, Capital Economics forecast inflation would fall to 4.5%.

Higher energy prices drove Norway’s parliament to

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