Norway Inflation

Norway

Norway: Inflation falls in September

October 10, 2013

In September, consumer prices rose 0.5% over the previous month. The reading contrasted the 0.1% decline tallied in August but came in below the 0.9% increase market analysts had expected. According to Statistics Norway, the monthly print mainly reflects higher prices for clothing and footwear as well as housing, water, electricity, gas and other fuels.

Annual headline inflation declined from 3.2% in August - which had marked the highest reading since April 2010 - to 2.8% in September. Annual average inflation edged up from 1.7% in August to 1.9% in September.

Meanwhile, the core consumer price index, which excludes taxes, fees and energy prices, rose 0.4% in September (August: -0.1% month-on-month). Annual core inflation, however, declined from 2.5% in August to 1.7% in September.

The Central Bank expects inflation to average 1.8% in 2013 before moderating to 1.5% in 2014. FocusEconomics Consensus Forecast panelists expect inflation to average 1.9% in 2013, which is up 0.1 percentage points from last month's estimate. In 2014, the panel sees inflation steady at 1.9%, which is unchanged from last month's projection.


Author:,

Sample Report

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

Download

Norway Inflation Chart


Norway Inflation September 2013

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Statistics Norway (SN).


Norway Economic News

  • Norway: Inflation remains steady in January

    February 9, 2018

    Consumer prices decreased 0.1% in January from the previous month—below market expectations of no change and representing the first month-on-month decline since August last year.

    Read more

  • Norway: Economy contracts in the fourth quarter on lower oil and gas output

    February 9, 2018

    In the fourth quarter of 2017, the economy shrank a seasonally-adjusted 0.3% from the previous quarter, below both market analysts’ expectations of a 0.6% quarter-on-quarter expansion and the third quarter’s revised growth of 0.8% (previously reported: +0.7% quarter-on-quarter).

    Read more

  • Norway: Industrial production decreases in December

    February 7, 2018

    According to Statistics Norway, industrial production fell a seasonally-adjusted 0.4% from the previous month in December, a swing from November’s revised increase of 0.4% (previously reported: +0.6% month-on-month). A contraction in the extraction and related services sector—the largest industrial sector in Norway—spurred the decrease.

    Read more

  • Norway: Inflation accelerates in December

    January 10, 2018

    Consumer prices were unchanged in December last year from the previous month, marking a slowdown compared to the modest increases seen in the prior months.

    Read more

  • Norway: Industrial production expands in November

    January 8, 2018

    According to Statistics Norway, industrial production rose by a seasonally-adjusted 0.6% from the previous month in November, contrasting October’s revised 1.3% decrease (previously reported: -1.4% month-on-month). The expansion in the extraction and related services sector—the largest industrial sector in Norway—drove the increase.

    Read more

More news

Search form