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Retail

Price Of Food And Drink Rises By 1.5% In Norway In February

Data from SSB, the Norwegian statistics authority, has found that the price of food and non-alcoholic beverages rose by 1.5% in February, compared to the previous month.

Over the past year, the consumer price index increased by 2.5%, while food prices in the same period increased by a marginal 0.1%.

The data found that the price of food and beverages has increased far less than in the price of other goods. In the five months since August 2016, the price of food decreased month-by-month, however, they increased slightly in January.

A spokesperson for SSB, Ingvill Størksen, said that part of the reason for a low increase in price is the increased competition between major supermarket chains in the country.

Additional data from SSB found that the Consumer Price Index (CPI) rose 0.4% from January 2017 to February 2017. The year-to-year growth in the CPI was 2.5% in February, down 0.3% from January.

© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine.

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