Producer prices in Norway fell 0.3% year-on-year in March, reversing a 0.2% rise in February, the Statistics Norway said Wednesday.

On an annual basis, manufacturing, mining and quarrying prices slipped 3% in March. However, prices of electricity, gas and steam supply rose 30.2% and that for extraction of oil and natural gas climbed 1.5%.

Month-on-month, producer prices declined 0.1% in March, following a 2.3% fall in the previous month.

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