Norway Inflation Rate  1950-2018 | Data | Chart | Calendar | Forecast

The consumer price inflation in Norway rose to 3.4 percent year-on-year in August 2018 from 3 percent in the previous month and above market consensus of 3.2 percent. It was the highest rate since December 2016, as prices rose at a faster pace for: housing and utilities (6.5 percent vs 6.4 percent in July); transport (3.8 percent vs 3.6 percent); food and non-alcoholic beverages (3.2 percent vs 1.3 percent); recreation and culture (2.8 percent vs 2.2 percent); and miscellaneous goods and services (1.4 percent vs 1.2 percent). Meanwhile, furnishings, household equipment and routine maintenance prices were unchanged (vs 2.5 percent in July). Annual core inflation rate, which is adjusted for tax changes and excludes energy products, went up to 1.9 percent in August from 1.4 percent in July, beating market consensus of 1.7 percent. On a monthly basis, consumer prices decreased by 0.4 percent and the core index by 0.5 percent. Inflation Rate in Norway averaged 4.61 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
2018-07-10 06:00 AM Inflation Rate YoY 2.6% 2.3% 2.4% 2.5%
2018-08-10 06:00 AM Inflation Rate YoY 3% 2.6% 2.6% 2.4%
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% 2.5%
2018-11-09 07:00 AM Inflation Rate YoY 2.6%
2018-12-10 07:00 AM Inflation Rate YoY 2.4%


Norway Prices Last Previous Highest Lowest Unit
Inflation Rate 3.40 3.00 18.90 -1.80 percent [+]
Harmonised Consumer Prices 109.70 110.10 110.10 69.20 Index Points [+]
Consumer Price Index CPI 108.90 109.30 109.30 5.09 Index Points [+]
Core Consumer Prices 106.40 106.90 106.90 82.30 Index Points [+]
Core Inflation Rate 1.90 1.40 3.70 -0.10 percent [+]
GDP Deflator 109.29 106.55 109.29 19.86 Index Points [+]
Producer Prices 264.90 263.40 264.90 37.56 Index Points [+]
Producer Prices Change 22.80 22.60 33.90 -18.60 percent [+]
Export Prices 154.90 151.50 154.90 57.64 Index Points [+]
Import Prices 142.90 143.10 143.10 71.76 Index Points [+]
Food Inflation 3.20 1.30 19.90 -7.10 percent [+]
Inflation Rate Mom -0.40 0.70 5.45 -1.72 percent [+]
CPI Housing Utilities 114.30 114.00 114.30 19.50 Index Points [+]
CPI Transportation 109.20 111.40 111.40 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.40 3.00 18.90 -1.80 1950 - 2018 percent Monthly
2015=100




inflation rate by Country
Country Last
Argentina 34.40 Aug/18
Australia 2.10 Jun/18
Brazil 4.19 Aug/18
Canada 3.00 Jul/18
China 2.30 Aug/18
Euro Area 2.00 Aug/18
France 2.30 Aug/18
Germany 2.00 Aug/18
India 3.69 Aug/18
Indonesia 3.20 Aug/18
Italy 1.60 Aug/18
Japan 0.90 Jul/18
Mexico 4.90 Aug/18
Netherlands 2.30 Aug/18
Russia 3.10 Aug/18
Saudi Arabia 2.20 Jul/18
Singapore 0.60 Jul/18
South Africa 4.90 Aug/18
South Korea 1.40 Aug/18
Spain 2.20 Aug/18
Switzerland 1.20 Aug/18
Turkey 17.90 Aug/18
United Kingdom 2.70 Aug/18
United States 2.70 Aug/18


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