Norway Inflation Surges To 2.8% In December

(RTTNews) - Norway's consumer price measure of inflation rose to 2.8% in December from 1.9% in the prior month, Statistics Norway said on Monday.

The reason was a 38.3% surge in electricity prices and a 9.7% jump in the prices of fuels and lubricants. Prices of alcoholic beverages and tobacco, restaurant services, package holidays and insurance all rose markedly during the month.

On a month-over-month basis, consumer prices rose 1.1% in December.