Norway's producer prices dropped by 8.6 percent year-on-year in July 2019, following a 6.5 percent decline in the previous month. This marked the steepest yearly fall in producer prices since June 2016 when the reading posted a 9.6 percent decrease. Prices fell faster for both extraction and related services (-19 percent vs -16 percent in June); and electricity, gas & steam (-8 percent vs -2.6 percent). In addition, manufacturing cost declined 0.9 percent, compared to a 0.2 percent rise in a month earlier. On a monthly basis, producer prices fell 1.2 percent in July, after a 4.9 percent drop in June. Producer Prices Change in Norway averaged 5.84 percent from 2000 until 2019, reaching an all time high of 33.90 percent in August of 2008 and a record low of -18.70 percent in November of 2001.

Producer Prices Change in Norway is expected to be -6.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Norway to stand at 1.40 in 12 months time. In the long-term, the Norway Producer Prices Change is projected to trend around 2.20 percent in 2020, according to our econometric models.

Norway Producer Prices Change
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-10 06:00 AM PPI YoY Apr 3.0% 5.2% 4.6%
2019-06-11 06:00 AM PPI YoY May 0.4% 2.6% 3%
2019-07-10 06:00 AM PPI YoY Jun -6.5% 0.4% 1.2%
2019-08-09 06:00 AM PPI YoY Jul -8.6% -6.5% -8%
2019-09-10 06:00 AM PPI YoY Aug -8.6% -7%
2019-10-10 06:00 AM PPI YoY Sep -6.2%
2019-11-11 07:00 AM PPI YoY Oct -10%


Norway Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 1.90 18.90 -1.80 percent [+]
Harmonised Consumer Prices 112.10 111.40 112.10 69.20 Index Points [+]
Consumer Price Index CPI 111.40 110.60 111.40 5.09 Index Points [+]
Core Consumer Prices 109.30 108.70 109.30 82.30 Index Points [+]
Core Inflation Rate 2.20 2.30 3.70 -0.10 percent [+]
GDP Deflator 109.70 110.42 111.47 19.86 Index Points [+]
Producer Prices 107.20 108.50 124.10 16.71 Index Points [+]
Producer Prices Change -8.60 -6.50 33.90 -18.70 percent [+]
Export Prices 139.50 139.80 149.40 57.64 Index Points [+]
Import Prices 146.30 145.80 146.30 71.76 Index Points [+]
Food Inflation 1.80 1.20 19.90 -7.10 percent [+]
Inflation Rate Mom 0.70 0.10 5.45 -1.72 percent [+]
CPI Housing Utilities 114.20 113.70 116.60 19.50 Index Points [+]
CPI Transportation 115.20 113.40 115.20 21.00 Index Points [+]


Norway Producer Prices Change

In Norway, the Producer Price Index measures the price development of first hand sales of products to the Norwegian market, from Norwegian production and export. Manufacturing prices account for 54 percent of the total index. The biggest segments within Manufacturing prices are: Food, beverages and tobacco (12 percent), refined petroleum products (8 percent) machinery and equipment (6 percent) and basic metals (5 percent). Extraction and related services account for 41 percent, Electricity, gas and steam account for 4 percent and Mining and quarrying account for 1 percent. This page provides - Norway Producer Prices Change - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Producer Prices Change - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-8.60 -6.50 33.90 -18.70 2000 - 2019 percent Monthly
2000=100




Country Last Previous
Argentina 59.30 Jun/19
Australia 2.00 Jun/19
Brazil 6.50 Jul/19
Canada -1.70 Jun/19
China -0.30 Jul/19
Euro Area 0.70 Jun/19
France 0.20 Jun/19
Germany 1.10 Jul/19
India 1.08 Jul/19
Indonesia 1.93 May/19
Italy 0.90 Jun/19
Japan -0.60 Jul/19
Mexico 3.38 Jul/19
Netherlands 0.57 Jun/19
Russia 1.10 Jul/19
Saudi Arabia 2.10 Jun/19
Singapore -5.20 Jun/19
South Africa 5.80 Jun/19
South Korea -0.30 Jul/19
Spain -0.60 Jun/19
Switzerland -1.70 Jul/19
Turkey 21.66 Jul/19
United Kingdom 1.80 Jul/19
United States 1.70 Jul/19


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