FX.co ★ Norway Producer Inflation Hits Over Four-Year High

Producer price inflation in Norway accelerated to 59.0% year-on-year in October 2026, up from 48.8% in September, reaching its highest level since August 2022. The increase was chiefly driven by surging prices in oil and natural gas extraction (116.9% vs. 94.6%), energy goods (110.3% vs. 90.1%), and electricity, gas, and steam (66.0% vs. 63.4%). Manufacturing prices also rose (11.1% vs. 9.2%). Excluding energy goods, producer price inflation edged up to 7.1%, compared with 6.7% in the previous month. By market, price growth continued to be significantly stronger in the export segment (85.9% vs. 70.4%) than in the domestic market (17.9% vs. 15.9%). On a monthly basis, producer prices increased 6.7% in October, slowing from a 12.4% rise in September.