Core consumer prices in Norway increased 2.70 percent in March of 2021 over the same month in the previous year. source: Statistics Norway

Core Inflation Rate in Norway averaged 1.80 percent from 2003 until 2021, 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. This page provides - Norway Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.

Core Inflation Rate in Norway is expected to be 2.60 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 2.00 in 12 months time. In the long-term, the Norway Core Inflation Rate is projected to trend around 1.70 percent in 2022 and 2.00 percent in 2023, according to our econometric models.

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Norway Core Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.70 2.70 3.70 -0.10 2003 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-11 07:00 AM Dec 3% 2.9% 3.1% 3%
2021-02-10 07:00 AM Jan 2.7% 3% 2.4% 2.7%
2021-03-10 07:00 AM Feb 2.7% 2.7% 2.9% 2.6%
2021-04-09 06:00 AM Mar 2.7% 2.7% 2.7% 2.4%
2021-05-10 06:00 AM Apr 2.7%
2021-06-10 06:00 AM May
2021-07-09 06:00 AM Jun
2021-08-10 06:00 AM Jul

Norway Prices Last Previous Highest Lowest Unit
Inflation Rate 3.10 3.30 18.90 -1.80 percent [+]
Consumer Price Index CPI 114.60 114.90 114.90 5.09 points [+]
Harmonised Consumer Prices 115.50 115.80 115.80 69.20 points [+]
Core Consumer Prices 113.30 113.00 113.30 82.30 points [+]
Core Inflation Rate 2.70 2.70 3.70 -0.10 percent [+]
GDP Deflator 97.17 95.00 101.59 17.91 points [+]
Producer Prices 118.40 118.60 124.10 16.71 points [+]
Producer Prices Change 18.40 9.70 33.90 -18.70 percent [+]
Export Prices 129.80 133.10 149.40 57.64 points [+]
Import Prices 154.30 154.10 156.60 71.76 points [+]
Food Inflation -0.30 0.10 19.90 -7.10 percent [+]
Inflation Rate Mom -0.30 0.70 5.45 -1.72 percent [+]
CPI Housing Utilities 117.60 119.50 119.50 19.50 points [+]
CPI Transportation 114.80 114.70 118.10 21.00 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.