In May 2025, Norway’s annual consumer inflation rate increased to 3%, up from 2.5% in April, marking its highest point since February. This surge was largely attributed to the rising costs of food and non-alcoholic beverages (5.3% compared to April’s 3.3%), alcoholic beverages and tobacco (which climbed to 3.7% from 3.5%), as well as housing and utilities (which saw an increase to 5% from 2.3%). Conversely, inflation eased in sectors such as furnishings, household equipment, and maintenance (dropping to 0.7% from 1.5%), along with healthcare, which dipped slightly to 4.3% from 4.6%. Clothing and footwear costs showed a consistent decline of 1.8% in May, maintaining the pace set in the previous month. On a monthly scale, consumer prices rose by 0.4%, a slowdown from the 0.7% increase recorded earlier. Additionally, the Consumer Price Index adjusted for tax changes and excluding energy products (CPI-ATE) increased by 2.8% year-over-year, representing the lowest rate observed in four months and decelerating from the previous month’s 0.7% rise.
The material has been provided by InstaForex Company – www.instaforex.com
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