Price growth ended at 3.6 per cent in April – the fourth month in a row with a fall

Economy and business: It appears in figures published by Statistics Norway (SSB). The increase of 3.6 per cent is the lowest twelve-month growth measured in April since 2021, when it stood at 3 per cent.

– Price growth decreased for the fourth month in a row in April. Prices are still higher than they were at the same time last year for most goods and services, but they are generally rising more slowly than before, says section manager Espen Kristiansen at Statistics Norway.

Among the product groups that contributed significantly to the further decline in price growth in April, we find electricity.

– The prices of electricity, including online rent, fell by 0.7 per cent in the last month, which is well below the price increase we saw from March to April last year, when prices went up by 5.1 per cent, says Kristiansen.

The biggest price increase from March to April was for books, which rose by 13.2 per cent, followed by coffee, tea and cocoa and jams, honey, chocolate and confectionery which rose by 9.5 and 7.7 per cent respectively. The biggest decrease was in the price of games, toys and hobby products, which fell by 2.1 per cent.