Norway’s annual core inflation rate, which excludes energy prices and taxes, was unchanged at 2.7% in July 2026, remaining at its lowest reading since January 2025. Core Inflation Rate in Norway averaged 2.25 percent from 2001 until 2026, reaching an all time high of 6.90 percent in June of 2023 and a record low of -0.20 percent in February of 2004. source: Statistics Norway
Core consumer prices in Norway increased 2.70 percent in July of 2026 over the same month in the previous year.
Core consumer prices in Norway increased 2.70 percent in July of 2026 over the same month in the previous year. Core Inflation Rate in Norway is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway CPI Adjusted for Tax Changes and excluding Energy Products (CPI-ATE) YoY is projected to trend around 2.60 percent in 2027 and 2.20 percent in 2028, according to our econometric models.