Norway's producer prices declined by 2.2 percent year-on-year in December 2019, easing from a 9.5 percent plunge in the previous month, as prices fell at a softer pace for both extraction and related services (-7.7 percent vs -23.4 percent in November) and energy goods (-8.1 percent vs -20.6 percent). At the same time, manufacturing cost rose much faster (2.6 percent vs 0.3 percent). Meanwhile, electricity, gas and steam prices decreased 7.7 percent, compared to a 2.4 rise in November. On a monthly basis, producer prices jumped 4.1 percent in December, after a 1.7 percent gain in November.
Producer Prices Change in Norway averaged 5.51 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. This page provides - Norway Producer Prices Change - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Norway
Producer Prices Change in Norway is expected to be 0.50 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 2.00 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.