Norway Inflation November 2020


Norway: Inflation drops sharply in November

December 10, 2020

Consumer prices fell 0.71% over the previous month in November, contrasting October's 0.27% rise. November's result marked the sharpest fall in prices since August 2019. The reading was primarily due to plunging prices for housing and utilities while transportation costs also decreased.

Inflation fell to 0.7% in November, from October’s 1.7%. November's figure marked the weakest inflation rate since March. Annual average inflation edged down to 1.3% in November (October: 1.4%), while core inflation fell to 2.9% from the previous month's 3.4%.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.4% in 2021, which is up 0.1 percentage points from last month’s estimate. In 2022, they expect inflation to average 1.8%.

Author:, Economist

Sample Report

Looking for forecasts related to Inflation in Norway? Download a sample report now.


Norway Inflation Chart

Norway Inflation November 20 20

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

Norway Economic News

More news

Search form