Norway's annual core inflation rate, which is adjusted for tax changes and excludes energy products, edged down to 2.1 percent in December 2018 from 2.2 percent in the previous month, still beating market consensus of 2 percent and staying above the central bank's 2 percent target for second straight month. Core Inflation Rate in Norway averaged 1.67 percent from 2003 until 2018, reaching an all time high of 3.70 percent in July of 2016 and a record low of -0.10 percent in February of 2004.

Core Inflation Rate in Norway is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Norway to stand at 1.70 in 12 months time. In the long-term, the Norway Core Inflation Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.

Norway Core Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-10 06:00 AM Core Inflation Rate YoY 1.9% 1.9% 1.8% 2%
2018-11-09 07:00 AM Core Inflation Rate YoY 1.6% 1.9% 1.8% 1.9%
2018-12-10 07:00 AM Core Inflation Rate YoY 2.2% 1.6% 1.8% 2.1%
2019-01-10 07:00 AM Core Inflation Rate YoY 2.1% 2.2% 2% 1.9%
2019-02-11 07:00 AM Core Inflation Rate YoY 2.1%
2019-03-11 07:00 AM Core Inflation Rate YoY
2019-04-10 06:00 AM Core Inflation Rate YoY 1.6%


Norway Prices Last Previous Highest Lowest Unit
Inflation Rate 3.50 3.50 18.90 -1.80 percent [+]
Harmonised Consumer Prices 110.70 110.70 110.70 69.20 Index Points [+]
Consumer Price Index CPI 109.80 109.80 109.80 5.09 Index Points [+]
Core Consumer Prices 107.20 107.20 107.20 82.30 Index Points [+]
Core Inflation Rate 2.10 2.20 3.70 -0.10 percent [+]
GDP Deflator 111.71 109.45 111.71 19.86 Index Points [+]
Producer Prices 260.30 269.80 278.60 37.56 Index Points [+]
Producer Prices Change 7.80 14.90 33.90 -18.60 percent [+]
Export Prices 155.10 154.90 155.10 57.64 Index Points [+]
Import Prices 143.30 142.90 143.30 71.76 Index Points [+]
Food Inflation 3.40 4.30 19.90 -7.10 percent [+]
Inflation Rate Mom 0.00 0.50 5.45 -1.72 percent [+]
CPI Housing Utilities 115.60 114.80 115.60 19.50 Index Points [+]
CPI Transportation 109.40 109.80 111.40 21.00 Index Points [+]


Norway Core Inflation Rate

In Norway, the core inflation, which is adjusted for taxes and energy prices, is the measure used by the central bank in setting interest rates. It targets inflation at around 2 percent over the long term. This page provides - Norway Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Core Inflation Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.20 3.70 -0.10 2003 - 2018 percent Monthly




Country Last Previous
Argentina 46.18 Nov/18
Turkey 19.53 Dec/18
South Africa 4.40 Nov/18
Russia 3.70 Dec/18
Mexico 3.69 Dec/18
Brazil 3.20 Nov/18
Indonesia 3.07 Dec/18
United States 2.20 Dec/18
Australia 1.80 Sep/18
China 1.80 Dec/18
United Kingdom 1.80 Nov/18
Netherlands 1.70 Dec/18
Singapore 1.70 Nov/18
Canada 1.50 Nov/18
Germany 1.46 Nov/18
South Korea 1.10 Dec/18
Euro Area 1.00 Dec/18
Japan 0.90 Nov/18
Spain 0.90 Dec/18
France 0.70 Dec/18
Italy 0.70 Nov/18
Switzerland 0.30 Dec/18


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