Norway Inflation

Norway

Norway: Inflation falls to lowest level in over three years

January 10, 2012

In December, consumer prices remained unchanged in seasonally adjusted terms over the previous month, following the 0.18% decline recorded in November. According to Statistics Norway, the December reading was the result of higher prices for transport, due to higher airline and taxi fares, which was offset by lower electricity prices. Annual headline inflation fell from 1.2% in November to 0.2% in December. The figure marks the lowest rate since October 2007 and was below market expectations of 0.5%. Overall, in 2011, inflation reached an average of 1.2%, half of the 2.4% observed in 2010, and also less than a half of the official target of 2.5%. Moreover, core inflation, which excludes taxes, fees and energy prices, remained unchanged at November's 1.0%.


Author: Ricard Torné, Head of Economic Research

Sample Report

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

Download




Norway Economic News

  • Norway: Oil and gas output prop up growth in Q3 as economic recovery continues

    November 14, 2017

    In Q3, the economy expanded a seasonally-adjusted 0.7% from a quarter earlier, slowing markedly from the notable 1.1% growth recorded in Q2 but nonetheless confirming that the economic recovery was still firmly underway.

    Read more

  • Norway: Inflation falls in October, reverting September’s uptick

    November 10, 2017

    Consumer prices ticked up 0.1% in October, slowing considerably from September’s 0.6% increase.

    Read more

  • Norway: Industrial production contracts in September

    November 7, 2017

    According to Statistics Norway, industrial production fell by a seasonally-adjusted 0.5% from the previous month in September, contrasting August’s revised 0.5% increase (previously reported: -0.1% month-on-month). September’s result was driven by a large month-on-month decline in the extraction and related services sector—the largest industrial sector in Norway—but was moderated somewhat by growth in the manufacturing and electricity, gas and steam sectors.

    Read more

  • Norway: Inflation increases in September, reversing course

    October 10, 2017

    Consumer prices rose 0.6% month-on-month in September, contrasting August’s 0.8% decrease.

    Read more

  • Norway: Industrial production contracts in August

    October 6, 2017

    According to Statistics Norway, industrial production fell by a seasonally-adjusted 0.1% from the previous month in August, contrasting July’s revised 1.1% rise (previously reported: +0.7% month-on-month). August’s result was driven by a large month-on-month decline in the manufacturing sector, but tamed somewhat by growth in the extraction and related services sector—the largest industrial sector in Norway—and the electricity, gas and steam sector.

    Read more

More news

Search form