Norway Inflation June 2021

Norway

Norway: Inflation increases in June

June 10, 2021

Consumer prices increased a seasonally-adjusted 0.35% over the previous month in June, swinging from the 0.09% drop seen in May. Looking at the details of the release, the result was chiefly due to faster price growth for transport, and for housing and utilities.

Inflation ticked up to 2.9% in June, following May’s 2.7%. Consequently, the trend pointed up, with annual average inflation coming in at 2.2% in June (May: 2.0%). Lastly, core inflation fell to 1.4% in June, from May’s 1.5%.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.6% in 2021, which is unchanged from last month’s estimate. In 2022, they expect inflation to average 1.8%.


Author:, Junior Economist

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Norway Inflation Chart


Norway Inflation June 2021

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


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