Norway producer prices surge 59% in October, driven by higher energy costs

Excluding energy, Norwegian producer prices rose 7.1 percent year-on-year in October, up 0.6 percent from September.

Prices in Norwegian industry rose 11.1 percent year-on-year in October, according to a monthly report from Statistics Norway. Compared with September, prices at Norwegian industrial companies were 2.6 percent higher.

In Norway’s large oil and gas industry, price increases were significantly higher, with prices up 68.3 percent year-on-year and 16 percent from September.