FX.co ★ Norway’s Producer Prices Sink Further in February, Extending Deflationary Trend

Norway’s Producer Price Index (PPI) fell deeper into negative territory in February 2026, underscoring persistent price pressures on the country’s industrial sector. Year-over-year, producer prices declined by 9.4% in February, compared with a 7.8% drop recorded in January 2026.

The data, updated on 9 March 2026, show a clear acceleration in producer-price deflation, as the February figure reflects a sharper decline in prices relative to the same month a year earlier than was seen in January. Both the “actual” and “previous” readings are measured on a year-over-year basis, comparing each respective month in 2026 with its counterpart in the prior year.

The deeper fall in February suggests that cost conditions for Norwegian producers continue to soften, which may ease pipeline inflation pressures further down the line but could also signal weaker pricing power and challenges for profit margins in key industrial segments. Policymakers and market participants are likely to watch upcoming releases closely to gauge whether this deflationary trend in producer prices persists.