Norway's producer prices declined by 12.1 percent year-on-year in August 2020, after a 13.3 percent plunge in the previous month. It was the 16th straight month of drop in produces prices, but the least since March. Prices decreased at softer paces for energy goods (-32.8 percent vs -36.2 percent in July); extraction and related services (-30 percent vs -33.3 percent); and electricity, gas, and steam (-31 percent vs -33.4 percent). Meanwhile, cost of manufacturing fell by 0.3 percent, the same as in the prior month. On a monthly basis, producer prices rose 1.2 percent in August, after a flat reading in July.
Producer Prices Change in Norway averaged 4.92 percent from 2000 until 2020, 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. Norway Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Statistics Norway
Producer Prices Change in Norway is expected to be -6.00 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 7.90 in 12 months time. In the long-term, the Norway Producer Prices Change is projected to trend around 4.00 percent in 2021 and 2.20 percent in 2022, according to our econometric models.