Producer prices in Norway have surged at the sharpest annual rate since December 2022 in December last year, data by Statistics Norway showed.
Producer prices rose 9.3% year-on-year in December after a flat performance in the prior month.
The latest figure was mostly driven by a rebound in oil and natural gas extraction prices (+17% YoY after -1.3% YoY in November) and cost of energy goods (+11% YoY after -3.7% YoY in November).
In the meantime, producer inflation sharply accelerated for manufacturing, by 6.1% YoY from 3.8% YoY in November.
Excluding energy goods, producer prices in Norway went up 6.9% year-on-year in December.
The EUR/NOK currency pair settled with little change at 11.7287 on Friday. For the week, the exotic currency pair went up 0.30%.
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