GO
Loading...

Norwegian Annual Inflation Rate Fell to 2.2% in December

Norway's annual inflation rate declined to 2.2% in December from 2.6% in November, but was above the 1.8% reported for December 2005, Statistics Norway announced Wednesday.

Prices declined 0.4% from November to December, due largely to a 9.9% decline in electricity prices, as well as lower costs for clothing, food and soft drinks, the agency said in a statement.

The consumer price index on Dec. 15 was 118.5, compared with 119.0 a month earlier and 115.9 a year earlier, with 1998 as a base year with an index of 100.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • The "Closing Bell" crew sing "Happy Birthday" to Art Cashin at the NYSE.

  • CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Stocks and commodities took a hit today. WTI closed under $50 today, but traders say it could go either way next week.

  • CNBC's Mandy Drury looks back at the week's top business and financial stories. The jobs number was strong, but wages still lagged. And Lumber Liquidators took a big hit after a 60 Minutes report on laminates made in China. And AT&T is booted from the Dow in favor of Apple.