Norway Inflation

Norway

Norway: Inflation stabilizes in September

September 10, 2014

In September, consumer prices rose 0.5% over the previous month, which contrasted the 0.3% decrease tallied in August. According to Statistics Norway, the monthly print mainly reflected much higher prices for clothing and footwear as well as a significant increase in prices for housing, water, electricity, gas and other fuels.

Annual headline inflation remained at the previous month’s 2.1% in September, which undershot the 2.4% that market analysts had expected. Annual average inflation inched down from August’s 2.2% to 2.1% in September, which represented a 10-month low.

Meanwhile, the core consumer price index, which excludes taxes, fees and energy prices, rose 0.6% in September (August: -0.5% month-on-month). Annual core inflation rose from 2.2% in August to 2.4% in September

The Central Bank expects inflation to average 2.0% in both 2014 and 2015. FocusEconomics Consensus Forecast panelists expect inflation to average 2.0% in 2014, which is unchanged from last month’s estimate. In 2015, the panel expects inflation to be broadly stable at 2.2%.


Author: Ricard Torné, Head of Economic Research

Sample Report

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

Download

Norway Inflation Chart


Norway Inflation September 2014

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


Norway Economic News

  • 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: 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: 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