RTTNews - Wednesday, a report by Statistics Norway said producer prices declined 2.9% year-on-year in May, after a 4.7% fall in April.

Annually, producer prices of manufacturing, mining and quarrying dropped 1.9%, while prices of extraction of oil and natural gas fell 4.9%. However, prices of electricity, gas and steam supply climbed 40.6%.

Month-on-month, producer prices rose 6.5% in May, following a 0.6% fall in April.

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