The CPI-ATE, which excludes energy and tax effects, in Norway rose 3.4% year-on-year in January 2026, picking up from a 3.1% gain in December and coming in above the expected 3% increase. Core Inflation Rate in Norway averaged 2.45 percent from 2001 until 2026, reaching an all time high of 7.50 percent in October of 2022 and a record low of -1.80 percent in January of 2004. source: Statistics Norway

Core Inflation Rate in Norway is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Core Inflation Rate is projected to trend around 2.20 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-09 07:00 AM
Core Inflation Rate YoY
Dec 3.1% 3% 3% 2.9%
2026-02-10 07:00 AM
Core Inflation Rate YoY
Jan 3.4% 3.1% 3% 3.0%
2026-03-10 07:00 AM
Core Inflation Rate YoY
Feb 3.4% 3.2%

Components Last Previous Unit Reference
Inflation Rate YoY 3.60 3.20 percent Jan 2026
PPI YoY -7.80 -11.40 percent Jan 2026

Related Last Previous Unit Reference
CPI 101.60 101.00 points Jan 2026
Core Consumer Prices 101.20 100.90 points Jan 2026
Core Inflation Rate YoY 3.60 3.20 percent Jan 2026
CPI Housing Utilities 103.00 101.70 points Jan 2026
CPI Transportation 101.40 100.20 points Jan 2026
Export Prices 266.10 269.00 points Dec 2025
Food Inflation 4.20 5.30 percent Jan 2026
GDP Deflator 98.60 99.90 points Dec 2025
Harmonised Consumer Prices 101.50 100.97 points Jan 2026
Import Prices 214.00 205.60 points Dec 2025
Inflation Rate MoM 0.60 0.10 percent Jan 2026
Producer Prices 121.90 111.90 points Jan 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
3.60 3.20 7.50 -1.80 2001 - 2026 percent Monthly