Norway Inflation April 2021

Norway

Norway: Inflation drops mildly in April

May 10, 2021

Consumer prices increased a seasonally-adjusted 0.35% over the previous month in April, contrasting March’s 0.26% fall. Looking at the details of the release, the result was largely due to higher prices for housing and utilities, as well as for recreation and culture. That said, the overall increase was capped by lower prices for food and non-alcoholic beverages.

Inflation came eased to 3.0% in April, slightly below March’s 3.1%. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 1.9% in April (March: 1.7%). Lastly, core inflation dopped markedly, coming in at 2.0% in April from March’s 2.7%.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.5% in 2021, which is up 0.2 percentage points from last month’s estimate. In 2022, they expect inflation to average 1.7%.


Author:, Junior Economist

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Norway Inflation April 2021

Note: Month-on-month seasonally adjusted and year-on-year variation in %.
Source: Statistics Norway (SSB).


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