Inflation in Norway
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
|Inflation Rate (CPI, annual variation in %)||2.2||3.6||1.9||2.8||2.2|
5 years of economic forecasts for more than 30 economic indicators.
Norway Inflation Chart
Source: Statistics Norway and FocusEconomics calculations.
|Bond Yield||1.58||-0.65 %||Jan 01|
|Exchange Rate||8.78||-0.38 %||Jan 01|
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July 7, 2021
Industrial output dropped 0.3% month-on-month in seasonally-adjusted terms in May (April: -0.1% mom).
July 7, 2021
Economic output increased 1.2% over the prior month in seasonally-adjusted terms in May, accelerating from the 0.4% expansion recorded in April and marking the best result since December 2020.
June 16, 2021
At its monetary policy meeting on 16 June, the Executive Board of Norges Bank once again voted to keep the sight deposit rate at its record low of 0.00%.
June 10, 2021
Consumer prices increased a seasonally-adjusted 0.35% over the previous month in June, swinging from the 0.09% drop seen in May.
June 9, 2021
Economic output increased 0.3% over the prior month in seasonally-adjusted terms in April, which contrasted the 0.3% decline recorded in March.