Monday, May 10, 2010

Inflation in Norway

Summary: This article mostly talks about statistics in Norway concerning the rising prices in consumer goods. Compared to a year ago in April the prices have raised 3.3%. Month to month the prices raised 0.2%. Also, producer goods increased 26.7% in April.


My Thoughts: I think any type of raising of prices is bad because it forces some people to somehow alter their own lives. Maybe it's eating at home more, driving less, or doing anything possible to save a few bucks all because the stuff they normally buy went up in price. It can be good news for the market owners though because they make more money, unless people stop buying it all together because it's too much for them. It is kind of like what happened to gas and milk in the United States.


Source: http://www.rttnews.com/Content/AllEconomicNews.aspx?Node=B2&Id=1298455

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