Norway Inflation September 2020


Norway: Inflation recedes in September

October 9, 2020

Consumer prices increased 0.36% from the previous month in September, contrasting the 0.35% fall recorded in August. The rebound was largely broad-based, with greater price pressures recorded for housing and utilities, transportation, and food and non-alcoholic beverages.

Inflation came in at 1.6% in September, edging down from August’s 1.7%. Meanwhile, the trend was unchanged in September with annual average inflation coming in at August's 1.4%. Lastly, core inflation fell to 3.3% from August’s 3.7%.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.2% 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

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Norway Inflation Chart

Norway Inflation September 20 20

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

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