Norway skyline at night

Norway Inflation November 2019

Norway: Inflation eases in November

Consumer prices increased 0.3% in November, up from October’s 0.2% rise. The increase was primarily due to higher prices for recreation and culture, housing and utilities, and clothing and footwear.

Inflation ticked down to 1.6% in November, from 1.8% in October, consequently moving further from the Norges Bank’s 2.0% target rate. Meanwhile, annual average inflation inched down to 2.3% in November, from 2.5% the month prior.

Next year, inflation is expected to average at or close to the Norges Bank’s target range, thanks to stronger economic growth adding upward pressure on prices. That being said, higher interest rates compared to recent years should keep price pressures in check.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest