Inflation in Norway
Norway - Inflation
Inflation eases in October
Consumer prices dropped 0.26% from the previous month in October, swinging from September's 1.03% rise. October's result marked the weakest reading since March. The figure was largely driven by falling prices for housing and utilities.
Inflation dropped to 3.5% in October, following September’s 4.1%. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 2.8% in October (September: 2.6%). Finally, core inflation fell to 0.9% in October, from September’s 1.2%.
FocusEconomics Consensus Forecast panelists expect inflation to average 1.9% in 2022, which is up 0.1 percentage points from last month’s estimate. In 2023, they expect inflation to average 1.7%.
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|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
November 19, 2021
The economy gained further traction in the third quarter, with GDP expanding 3.8% on a seasonally-adjusted quarter-on-quarter basis, accelerating markedly from the prior quarter’s 1.0% increase.
November 10, 2021
Consumer prices dropped 0.26% from the previous month in October, swinging from September's 1.03% rise.
November 8, 2021
Industrial output expanded 3.3% in month-on-month seasonally-adjusted terms in September, which was above August's 2.7% increase.
November 4, 2021
At its 3 November monetary policy meeting, the Executive Board of Norges Bank unanimously decided to keep the sight deposit rate unchanged at 0.25%, after raising it at the previous meeting on 22 September.
October 11, 2021
Consumer prices increased 1.03% in September over the previous month, after the flat result seen in August.