Norway's producer price inflation accelerated further in May to the highest level in nearly four years, data from Statistics Norway showed on Tuesday.
The producer price index climbed 24% year-on-year in May, following a 22.7% spike in the prior month.
The latest rate of growth was the quickest seen since September 2022, when prices surged 52.3%.
Prices in the utility sector alone grew by 58.5% from last year. The price index for energy goods rose sharply by 41.2%, and those for extraction and related services climbed by 32.9%. Data showed that manufacturing prices logged an increase of 9.4%.
On a monthly basis, producer prices dropped 1.8%, faster than the 0.5% fall in April.
