Spiraling inflation cools Norway’s economy ...News

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Spiraling inflation cools Norway’s economy
Consumer price growth in the country has jumped to a 35-year high, according to Bloomberg Headline inflation in Norway hit a new three-decade high of 7.5% in October, exacerbating fears of a looming recession in the Nordic region, Bloomberg reported this week. Core inflation, as monitored by the country’s central bank, Norges Bank, hit an all-time high of 5.9%, above the market consensus and the bank’s own forecast. Statistics seen by the media outlet show that the price growth was driven by clothing and communications in particular. The gloomy data will raise speculation that policymakers could accelerate rate hi

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