Annual inflation rate in Norway eased to a three-month low of 3.1 percent in October 2018 from the previous month’s near two-year high of 3.4 percent and below market consensus of 3.4 percent. Prices rose at a slower pace for housing and utilities (5.7 percent vs 6.1 percent in September); food and non-alcoholic beverages (2.3 percent vs 3.4 percent); furnishings, household equipment and routine maintenance (2.1 percent vs 3.2 percent); and miscellaneous goods and services (1.0 percent vs 1.4 percent). Still, inflation picked up for transport (3.7 percent vs 3.5 percent) and recreation and culture (3.4 percent vs 3.1 percent). Annual core inflation rate, which is adjusted for tax changes and excludes energy products, slowed to 1.6 percent in October from 1.9 percent in September and below market consensus of 1.8 percent. On a monthly basis, consumer prices fell 0.2 percent and the core index was unchanged. Inflation Rate in Norway averaged 4.60 percent from 1950 until 2018, reaching an all time high of 18.90 percent in June of 1951 and a record low of -1.80 percent in January of 2004.

Norway Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-10 06:00 AM Inflation Rate YoY 3.4% 3% 3.2% 2.7%
2018-10-10 06:00 AM Inflation Rate YoY 3.4% 3.4% 3.2% 3.2%
2018-11-09 07:00 AM Inflation Rate YoY 3.1% 3.4% 3.4% 3.6%
2018-12-10 07:00 AM Inflation Rate YoY 3.1% 3.2%


Norway Prices Last Previous Highest Lowest Unit
Inflation Rate 3.10 3.40 18.90 -1.80 percent [+]
Harmonised Consumer Prices 110.10 110.30 110.30 69.20 Index Points [+]
Consumer Price Index CPI 109.30 109.50 109.50 5.09 Index Points [+]
Core Consumer Prices 106.90 106.90 106.90 82.30 Index Points [+]
Core Inflation Rate 1.60 1.90 3.70 -0.10 percent [+]
GDP Deflator 111.71 109.45 111.71 19.86 Index Points [+]
Producer Prices 278.60 268.80 278.60 37.56 Index Points [+]
Producer Prices Change 22.50 21.10 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 2.30 3.40 19.90 -7.10 percent [+]
Inflation Rate Mom -0.20 0.60 5.45 -1.72 percent [+]
CPI Housing Utilities 113.80 114.50 114.50 19.50 Index Points [+]
CPI Transportation 109.50 109.20 111.40 21.00 Index Points [+]


Norway Inflation Rate

In Norway, the most important category in the consumer price index is Housing and Utilities (23 percent of total weight). Transport accounts for 16 percent; Food and Non-Alcoholic Beverages for 13 percent; Recreation and Culture for 12 percent; Miscellaneous Goods and Services for 9 percent and Furniture, Household Goods and Maintenance for 7 percent. Restaurants and Hotels; Clothing and Footwear; Alcoholic beverages and Tobacco; Health; Communication and Education account for the remaining 21 percent of total weight. This page provides - Norway Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Inflation Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.10 3.40 18.90 -1.80 1950 - 2018 percent Monthly
2015=100




Country Last
Argentina 40.30 Sep/18
Australia 1.90 Sep/18
Brazil 4.56 Oct/18
Canada 2.20 Sep/18
China 2.50 Oct/18
Euro Area 2.20 Oct/18
France 2.20 Oct/18
Germany 2.50 Oct/18
India 3.31 Oct/18
Indonesia 3.16 Oct/18
Italy 1.60 Oct/18
Japan 1.20 Sep/18
Mexico 4.90 Oct/18
Netherlands 2.10 Oct/18
Russia 3.50 Oct/18
Saudi Arabia 2.10 Sep/18
Singapore 0.70 Sep/18
South Africa 4.90 Sep/18
South Korea 2.00 Oct/18
Spain 2.30 Oct/18
Switzerland 1.10 Oct/18
Turkey 25.24 Oct/18
United Kingdom 2.40 Oct/18
United States 2.50 Oct/18


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