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

Norway's consumer prices increased 1.3 percent from a year earlier in August 2017, easing from a 1.5 percent gain in the previous month and missing market expectations of 1.7 percent. It was the lowest inflation rate since February 2013, as prices rose at a slower pace for: Recreation and culture (3 percent from 3.1 percent in July); miscellaneous goods and services (2.1 percent from 2.2 percent); and restaurants and hotels (3.6 percent from 3.7 percent). Meanwhile, cost fell for: Food and non-alcoholic beverages (-1.7 percent from 0.7 percent in July); furnishings, household equipment and routine maintenance (-2.4 percent from -2.3 percent); and clothing and footwear (-5.1 percent from -5.3 percent). Annual core inflation rate, which is adjusted for tax changes and excludes energy products, fell to 0.9 percent from 1.2 percent in July. On a monthly basis, consumer prices dropped 0.8 percent and core consumer prices declined 0.9 percent. Inflation Rate in Norway averaged 4.64 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.