09.01.202607:33:37UTC+00Norway Producer Price Deflation Deepens

In December 2025, Norway experienced an 11.4% year-over-year decline in producer prices, intensifying from the revised 9% decrease reported in November. This was the most significant drop since February 2024. The primary driver of this decline was the extraction of oil and natural gas, where prices plummeted by 29.6% following a 25.8% decrease in the previous month. Energy goods also saw a more pronounced reduction, falling by 22.5%, compared to an earlier decline of 18.7%. In contrast, the manufacturing sector witnessed a slowdown in price growth, easing to 1.5% from 1.8%, largely due to a 12.2% reduction in the costs of refined petroleum products. Additionally, the prices for electricity, gas, and steam moderated to 28.8% from the previous 37.2%. When excluding energy goods, producer prices increased at a diminished rate of 1.0%, down from 1.6% in November. On a monthly basis, overall producer prices saw a reversal, decreasing by 1.5% after a 0.6% rise in the prior month.