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FOOD AND DRINK

What foods in Norway have become cheaper for shoppers?

Amid rising food costs in Norway, some items have remained relatively stable, or even decreased, in price.

Beef
The Local digs deeper into the SSB statistics to identify the food items which have seen the smallest increases in the last 12 months. Photo by Cristi Caval on Unsplash

According to the latest figures published by Statistics Norway (SSB), food prices increased by 4.5 percent over the past year, outpacing the general inflation rate of 2.6 percent.

READ MORE: How much money do you need to live on a single income in Norway?

However, from July to August, food and non-alcoholic beverage prices actually fell by 1.3 percent, in line with seasonal trends.

With price growth slowing overall, The Local digs deeper into the SSB statistics to identify the foods which have seen the smallest increases in the last year – as well as those tat have gone up the most.

Foods with moderate price growth

Several food items in Norway have seen relatively low price increases over the past year, with growth staying below 3 percent.

Flours and other cereals saw a price increase of 2.6 percent, while pasta products and couscous rose by 2.1 percent.

Beef and veal prices increased by 2.8 percent, closely followed by pork at 3 percent.

Dried, salted, or smoked meats also saw modest growth, rising by 2.3 percent.

Other notable items include confectionery products and alcoholic soft drinks, both of which increased by 2.9 percent, and whole milk, which saw a 2.8 percent rise.

Fresh or chilled fruit and dried fruit and nuts experienced some of the smallest increases at 1.7 percent each.

The foods that became cheaper in the last 12 months

On the other hand, some (though not many) food items have actually become cheaper over the last year.

Pizza and quiche prices dropped by 1.2 percent, while preserved fruit and fruit-based products decreased by 0.5 percent.

Baby food saw a modest decline of 0.7 percent.

The most significant price drop was seen in coffee, which fell by 4.4 percent.

Meats, excluding beef, pork, lamb, and poultry, saw a 2.5 percent reduction, and jams, marmalades, and honey decreased in price by 1.4 percent.

Steepest price hikes

Other foods have seen significant price increases over the past year.

Olive oil saw the steepest rise, jumping by 22.5 percent, while frozen fish followed closely with a 19.1 percent increase.

Chocolate prices also surged, rising by 14.6 percent, and fresh or chilled fish went up by 13.6 percent.

Rice saw a 13.0 percent increase, while eggs and fruit and vegetable juices rose by 11.6 percent and 10.8 percent, respectively.

SSB: Inflation slowed most for imported goods

In August, the overall twelve-month price growth for imported goods in Norway’s Consumer Price Index (CPI) was 1.9 percent, compared to 4.7 percent for Norwegian goods, excluding energy products.

READ ALSO: Food price rises in Norway three times higher than EU average

According to Espen Kristiansen from Statistics Norway, the price increase for imported goods has been falling more sharply than for Norwegian goods and services since the beginning of the year, though this trend was less pronounced in August compared to July.

Interestingly, furniture prices, which typically decline in August, contributed to higher price growth this year.

While prices for furniture, carpets, and floor coverings usually drop during this period, they increased by 0.7 percent in August 2023, contrasting with a 3.6 percent decrease in the same month last year.

This marks one of the few times since the 1990s that prices for this product group have risen in August.

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POLITICS

How Norway’s 2025 budget will impact foreign residents

Norway’s government won’t unveil its budget for another few weeks, but several proposals, such as income tax cuts, have already been made public. Here's how foreign residents in Norway will be affected.

How Norway's 2025 budget will impact foreign residents

Norway’s budget for 2025 will be unveiled on October 7th. It is the last budget the current government will present before the general election next year.

Tax cuts

Finance minister Trygve Slagsvold Vedum said this summer that those on ordinary incomes would pay less income tax in 2025. How much income tax will be cut is currently unknown.

Tax residents of Norway currently pay a flat tax rate of 22 percent, and then a further “bracket tax” based on how much they earn. For example, those who earn up to 670,000 kroner per year pay a four percent bracket tax, while those making between 670,001 and 937,900 kroner pay a 13.6 percent bracket tax.

READ ALSO: How does Norway’s bracket tax for income work?

Norway’s tax card system would also be tweaked to benefit those with part-time jobs. Next year, you can earn up to 100,000 before paying tax. This could benefit foreign students in Norway.

Finances

The government will continue its electric subsidy for households next year. The government announced its intention to continue the policy this spring.

Currently, the state covers 90 percent of the electricity price above 73 øre per kWh – or 91.25 øre including VAT.

Residents of Norway’s 212 least central municipalities will have 25,000 kroner of their student loans written off per year from 2026.

Those in Finnmark and Nord-Troms will have their loans written off at a rate of 60,000 kroner a year.

READ MORE: The incentives to attract people to northern Norway

Crime

The government will spend an extra 2.8 billion kroner on fighting crime. Of this, 2.4 billion kroner will go directly to beefing up the number of police officers in Norway. Some 90 million kroner would be put towards cracking down on financial crime.

Furthermore, 405 million kroner would also be spent on fighting youth crime, by creating a fast track court for young offenders and creating more juvenile detention places.

Travel changes

Up to 2.9 billion kroner extra spending will go into maintaining Norway’s rail infrastructure. Signal and track failures have been a constant source of delays in east Norway, where services regularly struggle with punctuality.

Over 12 billion kroner will be spent on Norway’s rail system.

Norway could finally reveal more details on its proposed tourist tax. The country’s industry minister, Cecilie Myrseth, has previously said that a proposal would be tabled this autumn.

The minister didn’t say whether this would be related to the raft of proposals included in the budget.

A potential tourist tax has long been promised by the current government as part of the Hurdal Agreement it was formed on in 2021.

As part of its budget cooperation with the Socialist Left Party, the government will be required to assess whether a subsidy scheme should be introduced for long-distance bus travel in Norway.

Bus routes without an alternative, such as train, could be subsidised under the scheme.

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