Inflation in Norway

Norway Inflation | Economic News & Forecasts

Norway - Inflation

Inflation eases in October

Consumer prices dropped 0.26% from the previous month in October, swinging from September's 1.03% rise. October's result marked the weakest reading since March. The figure was largely driven by falling prices for housing and utilities.

Inflation dropped to 3.5% in October, following September’s 4.1%. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 2.8% in October (September: 2.6%). Finally, core inflation fell to 0.9% in October, from September’s 1.2%.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.9% in 2022, which is up 0.1 percentage points from last month’s estimate. In 2023, they expect inflation to average 1.7%.

Norway - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)2.2  3.6  1.9  2.8  2.2  

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Norway Inflation Chart


Norway Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Statistics Norway and FocusEconomics calculations.

Norway Facts

Value Change Date
Bond Yield1.58-0.65 %Jan 01
Exchange Rate8.78-0.38 %Jan 01

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