(RTTNews) - Norway's producer price inflation accelerated to 23.9% in December from 17.9% in November, Statistics Norway said Monday. On a monthly basis, producer prices were up 4.6%.Extremely high prices of electricity, as well as raised oil and natural gas prices have contributed the most to the price increase, the statistical agency said.
Producer prices of extraction of oil and natural gas soared 41.5%, while those for manufacturing, mining and quarrying went up by 8%. electricity, gas and steam supply was expensive by 54%.In 2010, the PPI climbed 18.3% compared with a decline of 0.7% in 2009. According to the official report, the price increase in energy goods played the largest role in pushing the total annual growth up.
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