Norway Producer Prices Fall the Least in 3 Months

2026-02-09 07:04 By Chusnul Chotimah 1 min. read

Producer prices in Norway dropped 7.8% year-on-year in January 2026, following an 11.4% fall in December 2025 and marking the smallest decline since last October.

The softer decrease was led by the extraction of oil and natural gas, where prices fell 22.7% after a 29.6% drop in December, while energy goods also recorded a softer decline of 17.5%, compared with a 22.5% fall previously.

Additionally, prices for electricity, gas, and steam accelerated to 58.2% from 28.8%.

Excluding energy goods, producer prices rose at a faster pace of 3.0%, following a 1.0% increase in December.

Meanwhile, price growth in the manufacturing sector eased to 0.9% from 1.5%, as an 18.5% decline in the costs of refined petroleum products weighed on the sector, partly offset by a 6.8% rise in machinery and equipment prices, despite a 5.1% fall in food product prices.

On a monthly basis, overall producer prices rose 8.9%, rebounding sharply from a 1.5% drop recorded in the previous month.



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Norway Producer Prices Fall the Least in 3 Months
Producer prices in Norway dropped 7.8% year-on-year in January 2026, following an 11.4% fall in December 2025 and marking the smallest decline since last October. The softer decrease was led by the extraction of oil and natural gas, where prices fell 22.7% after a 29.6% drop in December, while energy goods also recorded a softer decline of 17.5%, compared with a 22.5% fall previously. Additionally, prices for electricity, gas, and steam accelerated to 58.2% from 28.8%. Excluding energy goods, producer prices rose at a faster pace of 3.0%, following a 1.0% increase in December. Meanwhile, price growth in the manufacturing sector eased to 0.9% from 1.5%, as an 18.5% decline in the costs of refined petroleum products weighed on the sector, partly offset by a 6.8% rise in machinery and equipment prices, despite a 5.1% fall in food product prices. On a monthly basis, overall producer prices rose 8.9%, rebounding sharply from a 1.5% drop recorded in the previous month.
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