Norway Inflation April 2020

Norway

Norway: Inflation ticks up in April

May 11, 2020

Consumer prices increased 0.45% in April, following March’s flat reading. The print was primarily due to higher prices for food and non-alcoholic beverages, and furniture and household operations.



Inflation edged up to 0.8% in April from 0.7% in March, consequently remaining below the Norges Bank’s 2.0% target rate. Meanwhile, average inflation ticked down from 1.7% in March to 1.5% in April.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.6% in 2020, which is from last month’s estimate. In 2021, they expect inflation to average 2.0%.


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Norway Inflation April 20 20

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


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