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Norwegian Economy Grew 0.4 Per Cent in January
Wholesale and retail trade contributed the most for GDP Mainland Norway, followed by the electricity industry. The three-month growth was 0.2 per cent.
Real wage growth expected in 2024
Increased profitability in certain industries will stimulate real wage growth in the years ahead. The increased purchasing power will pull Norway out of the economic downturn in 2026.
Continued price decrease on energy goods
In February, the producer price index fell for the fourth month in a row, down 2.5 per cent, mainly due to lower prices on energy goods.
CPI up 4.5 per cent last 12 months
From February 2023 to February 2024 the Consumer Price Index (CPI) increased by 4.5 per cent, while the CPI adjusted for tax changes and excluding energy products (CPI-ATE) rose by 4.9 per cent. The CPI increased by 0.2 per cent from January 2024 to February 2024, while the CPI-ATE increased by 0.4 per cent.