More Expensive Energy and Food

Norwegian Statistics Bureau announced inflation rates yesterday. Accordingly, the price index has increased by 1,3 percent in one month. Higher prices for energy goods was the main reason for the increase in PIF. Prices of mineral fuels, lubricants and electricity rose overall by 5.1 percent, while the increase in electricity prices was over 17 percent.

Also, food prices increased by 0.9 percent from January to February, this was another important factor contributing PIF’s increase in this period. Vegetables and fruits, dairy products and eggs, cereals and cereal products and meat and meat products were hit worst with the increase, and food prices rose both in the domestic market and import market.

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