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.