FX.co ★ Norway Producer Inflation Eases Sharply

In March 2025, Norway's annual producer inflation rate decreased to 11.5%, down from February's peak of 23.3%, which marked a high not seen in over two years. The slowdown in price growth was observed across all sub-categories. The sector for oil and natural gas extraction saw its inflation rate drop to 17.2% from February’s 43%. Manufacturing experienced a slight decrease in inflation from 6.5% to 5.9%. Similarly, the sector comprising electricity, gas, and steam showed a slowing down from 40.3% to 13.9%, and energy goods also saw a decrease from 40.2% to 16.2%. When excluding energy goods, producer prices registered a 6% increase year-over-year in March, slightly higher than the 5.8% rise recorded in the preceding month. On a month-to-month basis, the Producer Price Index (PPI) fell by 7.1%—its first decline in six months—after seeing a 1.7% increase in February.