The inflation expert’s forecast: Turnaround only after the winter

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Rather, he believes that we will see increased inflation during the winter. October’s lower inflation rate is due to electricity prices falling by almost 24 percent from September, as the month was hot and windy.

– If you remove the energy prices, inflation has actually continued to rise, says Erik Glans, inflation expert at the Norwegian Institute of Economics, who also ran for MP in the municipal elections in Sigtuna.

If the winter turns out to be a normal cold winter and electricity prices rise to the level predicted, it also means that inflation will go up again, he explains.

But how high is it expected to be? And how are prices affected? Hear the inflation expert answer three questions in the clip.