FX.co ★ Norway Producer Inflation Decelerates to 2.1%

In April 2025, Norway experienced a pronounced decrease in its annual producer inflation, which dropped to 2.1% from 11.5% in March, reaching its lowest point since November. This marked decline was primarily attributed to reductions in the prices of oil and natural gas extraction (-3.5% compared to 17.2% in March) as well as energy goods (-1% as opposed to 16.2%). Moreover, there was a slowdown in manufacturing price growth, which reduced to 3.2% from 5.9%. Conversely, the inflation rate for electricity, gas, and steam rose to 19.4% from 13.9%. When excluding energy goods, producer prices experienced a year-on-year increase of 4.4% in April, down from a 6% rise in the previous month. Additionally, the Producer Price Index (PPI) fell by 5.4% on a monthly basis, following a 7.1% decrease in March, marking the second consecutive monthly decline.