Inflation in Norway

Norway Inflation | Economic News & Forecasts

Norway - Inflation

Inflation hits highest level for 5 months in June

Consumer prices rose 0.18% in June over the last month, stable from May's 0.18% rise. Looking at the details of the release, prices for housing and utilities dropped in June, while price pressures for transportation rose. Meanwhile, food and non-alcoholic beverages prices shrank at a quicker pace.

Inflation came in at 1.4% in June, up from May’s 1.3%. June's reading represented the highest inflation rate since January. Annual average inflation was unchanged at May's 1.4% in June while core inflation rose to 3.1% from the previous month's 3.0%.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.2% in 2020, which is up 0.1 percentage points from last month’s estimate. In 2021, they expect inflation to average 2.2%.

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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