FX.co ★ Norway Producer Prices Fall at Softer Pace

In July 2025, Norway experienced a 0.3% decrease in producer prices compared to the previous year. This marks the third consecutive month of producer deflation, although it indicates a moderation from the 1% decline observed in June. Specifically, the rate of price reduction for energy goods became less severe (-4.2% compared to -5.4% in June), as well as for the extraction of oil and natural gas (-5.7% versus -6.6%). Conversely, there was an acceleration in price growth for sectors such as electricity, gas, and steam (23.6% up from 12.9%), along with manufacturing (2% compared to 1.8%). Excluding energy goods, producer prices slightly rose, reaching 2.9% in July, up from 2.8% in June. On a month-to-month basis, producer prices increased by 0.8%, recovering from a 0.3% decline in the prior month.