In Norway, electricity prices reached high inflation levels during the fall of 2021, when the water level in the country's water magazines was low. Moreover, an increase in several commodity prices in 2022 and 2023 following the Russian war in Ukraine caused continuing inflation. Food and non-alcohlic beverages was the commodity with the highest inflation rate as of June 2024. The total inflation rate in the country in April 2024 was 3.6 percent.
Annual change in the monthly consumer price index (CPI) in Norway from January 2021 to June 2024, by selected commodity groups
Characteristic
Food and non-alcoholic beverages
Alcoholic beverages and tobacco
Housing, electricity, water, gas, and other fuels
Furnishings, household equipment, and routine maintenance
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Statistics Norway. (June 10, 2024). Annual change in the monthly consumer price index (CPI) in Norway from January 2021 to June 2024, by selected commodity groups [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1322002/norway-monthly-inflation-rate-cpi-commodity/
Statistics Norway. "Annual change in the monthly consumer price index (CPI) in Norway from January 2021 to June 2024, by selected commodity groups." Chart. June 10, 2024. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1322002/norway-monthly-inflation-rate-cpi-commodity/
Statistics Norway. (2024). Annual change in the monthly consumer price index (CPI) in Norway from January 2021 to June 2024, by selected commodity groups. Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1322002/norway-monthly-inflation-rate-cpi-commodity/
Statistics Norway. "Annual Change in The Monthly Consumer Price Index (Cpi) in Norway from January 2021 to June 2024, by Selected Commodity Groups." Statista, Statista Inc., 10 Jun 2024, https://www.statista.com/statistics/1322002/norway-monthly-inflation-rate-cpi-commodity/
Statistics Norway, Annual change in the monthly consumer price index (CPI) in Norway from January 2021 to June 2024, by selected commodity groups Statista, https://www.statista.com/statistics/1322002/norway-monthly-inflation-rate-cpi-commodity/ (last visited October 31, 2024)
Annual change in the monthly consumer price index (CPI) in Norway from January 2021 to June 2024, by selected commodity groups [Graph], Statistics Norway, June 10, 2024. [Online]. Available: https://www.statista.com/statistics/1322002/norway-monthly-inflation-rate-cpi-commodity/
