Norway's CPI-ATE, which excludes energy prices and tax changes, rose 0.8% month-on-month in July 2026, the most since July last year, following a 0.1% fall in June. Core Inflation Rate MoM in Norway averaged 0.19 percent from 2003 until 2026, reaching an all time high of 1.50 percent in July of 2022 and a record low of -1.00 percent in January of 2011. source: Statistics Norway
Core Inflation Rate MoM in Norway is expected to be 0.20 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) MoM is projected to trend around 0.30 percent in 2027 and 0.20 percent in 2028, according to our econometric models.