Norway Inflation Rate  1950-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Norway rose 2.1 percent from a year earlier in May of 2017, compared to a 2.2 percent rise in the prior month and matching market expectations. It was the lowest inflation rate since September 2015, as prices went up at a slower pace for transport (1 percent from 3.6 percent in April); miscellaneous goods and services (2.3 percent from 2.6 percent) and housing and utilities (3.7 percent from 3.8 percent). Additional upward pressure came from: Food and non-alcoholic beverages (0.7 percent from -2.1 percent in March) and recreation and culture (3.3 percent from 3.1 percent). Annual core inflation, which is adjusted for taxes and energy prices and is used by the central bank in setting interest rates, edged down to 1.6 percent from 1.7 percent in April. On a monthly basis, consumer prices rose 0.2 percent and core consumer prices went up 0.3 percent. Inflation Rate in Norway averaged 4.66 percent from 1950 until 2017, 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 Forecast (i)
2017-04-10 06:00 AM Mar 2.4% 2.5% 2.6% 2.4%
2017-05-10 06:00 AM Apr 2.2% 2.4% 2.5% 2.5%
2017-06-09 06:00 AM May 2.1% 2.2% 2.1% 2%
2017-07-10 06:00 AM Jun 2.1% 1.9%
2017-08-10 06:00 AM Jul 2.13%
2017-09-11 06:00 AM Aug 2.15%




Norway Prices Last Previous Highest Lowest Unit
Inflation Rate 2.10 2.20 18.90 -1.80 percent [+]
Consumer Price Index CPI 105.40 105.20 105.40 5.09 Index Points [+]
Harmonised Consumer Prices 105.80 105.50 105.80 69.20 Index Points [+]
Core Consumer Prices 104.60 104.30 104.60 82.30 Index Points [+]
Core Inflation Rate 1.60 1.70 3.70 -0.10 percent [+]
GDP Deflator 100.39 98.27 101.05 19.03 Index Points [+]
Producer Prices 222.80 224.60 256.40 37.56 Index Points [+]
Producer Prices Change 8.90 12.80 33.90 -18.60 percent [+]
Export Prices 144.00 139.00 144.00 57.64 Index Points [+]
Import Prices 132.50 131.20 132.50 71.76 Index Points [+]
Food Inflation 0.70 -2.10 19.90 -7.10 percent [+]
Cpi Housing Utilities 107.20 107.30 107.50 19.50 Index Points [+]
Cpi Transportation 104.00 104.90 105.10 21.00 Index Points [+]
Inflation Rate Mom 0.20 0.20 5.45 -1.72 percent [+]


Norway Inflation Rate Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.20 18.90 -1.80 1950 - 2017 percent Monthly
2015=100



inflation rate by Country

Last
Australia 2.10 Mar/17
Brazil 3.60 May/17
Canada 1.30 May/17
China 1.50 May/17
Euro Area 1.40 May/17
France 0.80 May/17
Germany 1.50 May/17
India 2.18 May/17
Indonesia 4.33 May/17
Italy 1.40 May/17
Japan 0.40 Apr/17
Mexico 6.16 May/17
Netherlands 1.10 May/17
Russia 4.10 May/17
South Korea 2.00 May/17
Spain 1.90 May/17
Switzerland 0.50 May/17
Turkey 11.72 May/17
United Kingdom 2.90 May/17
United States 1.90 May/17