Norway's annual inflation unexpectedly rises to 6.7%
Food and beverage prices up 12.7% year-on-year in May
By Gokhan Ergocun
ISTANBUL (AA) - Norway's annual inflation rate hit 6.7% in May, up from 6.4% in April, above market expectations, according to official figures released on Friday.
Among sub-items, the highest annual price change was seen in food and non-alcoholic beverage with 12.7%, the country's statistical department said, adding that transport followed it with 7.5% and restaurants and hotels with 7.4%.
The country saw the highest inflation rate of 7.5% in October 2022.
On a monthly basis, consumer prices increased by 0.5% in May.
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