Inflation in Norway

Norway Inflation | Economic News & Forecasts

Norway - Inflation

Inflation increases in June

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%.

Norway - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)2.2  3.6  1.9  2.8  2.2  

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Norway Inflation Chart

Norway Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Statistics Norway and FocusEconomics calculations.

Norway Facts

Value Change Date
Bond Yield1.58-0.65 %Jan 01
Exchange Rate8.78-0.38 %Jan 01

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