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Thursday, November 7, 2024

Tag: prices

Food price hikes fuel inflation

Norway is known for its high food prices, and now they're even higher than usual. New figures show an overall price hike of 13.7...

Rate hike aimed at curbing inflation

Norway's central bank stepped up its battle against inflation on Thursday, raising interest rates once again by a half- instead of a quarter-point. It's...

Interest rates keep rising

Norway's central bank (Norges Bank) went ahead and raised its key policy rate by another quarter-point on Thursday, and warned it may go up...

Publishing companies fined over pricing

Books in Norway have always been expensive, with prices heavily regulated and currently equivalent to at least USD 50 for new releases. Competition authorities...

Inflation rate hits 7.5 percent

Prices are rising even faster than Norwegians thought: The latest numbers released Thursday show prices rose an average 7.5 percent in October, compared to...

Economic uncertainty rises, even as ‘war profits’ do too

NEWS ANALYSIS: Never before have some of Norway's largest companies and banks generated more profits, often tied to Russia's war on Ukraine. Hundreds of...

Food prices up 4.5 percent

Norway's state statistics bureau SSB (Statistics Norway) has recorded the biggest monthly price hike for food in more than 40 years. The cost of...

Grocery stores log more high profits

Norway's grocery store owners have long been among the wealthiest in the country, and the rich have gotten richer during the Corona crisis. With...

Grocery shoppers ‘cheated for years’

Norway's largest and most powerful grocery store owner, NorgesGruppen, has been able to pay suppliers as much as 15 percent less than its rivals...

Authorities raid grocery giants

Inspectors from Norway's competition authority (Konkurransetilsynet) raided major players in the country's high-priced grocery business on Tuesday. The goal was to uncover possible violations of...
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