Producer prices in Norway fell 6.9% year-on-year in October 2025, following a 2.8% decline in September. This marked the sixth consecutive month of contraction and the steepest pace since March 2024, driven by sharper drops in prices for the extraction of oil and natural gas (-19.7% vs -12.2% in September) and energy goods (-15.0% vs -7.9%). Meanwhile, prices continued to rise for manufacturing (1.9% vs 1.3%) and electricity, gas, and steam (28.9% vs 38.0%). Excluding energy goods, overall producer price inflation eased to 1.0% in October from 1.3% in September. On a monthly basis, the total PPI inched up 0.1%, rebounding slightly from a 1.7% decline in the previous month.