Norway’s annual inflation rate rose to 3% in July 2026 from 2.7% in the previous month. Price growth mainly accelerated for housing, water, electricity, gas and other fuels (4.6% vs. 3.4% in June) and transport (2.6% vs. 1.7%), amid elevated global energy prices. Inflation also increased for health (4.4% vs. 3.8%), recreation, sport and culture (4.3% vs. 3.2%), and clothing and footwear (2.9% vs. 2.6%). By contrast, price growth slowed for food and non-alcoholic beverages (1.1% vs. 2.3%), furnishings and household equipment (0.5% vs. 2.3%), alcoholic beverages, tobacco and narcotics (2.6% vs. 2.8%), restaurants and accommodation services (5.7% vs. 6.0%), and insurance and financial services (7.9% vs. 8.9%). On a monthly basis, consumer prices jumped 1%, the most since February 2025, following a 0.2% decline in June. Meanwhile, the CPI-ATE, which excludes energy prices and tax changes, rose 2.7% year-on-year, unchanged from June, while increasing 0.8% month-on-month. source: Statistics Norway

Inflation Rate in Norway increased to 3 percent in July from 2.70 percent in June of 2026. Inflation Rate in Norway averaged 4.49 percent from 1950 until 2026, 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. This page provides - Norway Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2026.

Inflation Rate in Norway increased to 3 percent in July from 2.70 percent in June of 2026. Inflation Rate in Norway is expected to be 2.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Inflation Rate is projected to trend around 2.30 percent in 2027 and 2.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-15 06:00 AM
Inflation Rate YoY Final
Jun 2.7% 3.1% 2.7%
2026-08-10 06:00 AM
Inflation Rate YoY
Jul 3% 2.7% 2.5%
2026-09-10 06:00 AM
Inflation Rate YoY
Aug 3% 2.4%



Components Last Previous Unit Reference
Food Inflation 1.10 2.30 percent Jul 2026

Related Last Previous Unit Reference
CPI 103.80 102.80 points Jul 2026
CPI-ATE 103.80 103.50 points Jul 2026
CPI-ATE YoY 2.70 2.70 percent Jul 2026
CPI Housing Utilities 103.70 102.70 points Jul 2026
CPI Transportation 104.70 102.60 points Jul 2026
Export Prices 304.90 264.20 points Mar 2026
GDP Deflator 104.80 98.60 points Mar 2026
Harmonised Consumer Prices 103.90 102.75 points Jul 2026
Import Prices 210.50 213.90 points Mar 2026
Inflation Rate YoY 3.00 2.70 percent Jul 2026
Inflation Rate MoM 1.00 -0.20 percent Jul 2026
Producer Prices 141.70 130.10 points Jul 2026
PPI YoY 23.40 14.90 percent Jul 2026


Norway Inflation Rate
In Norway, the most important category in the Consumer Price Index is Housing & Utilities (24.62% of the total weight). Transport accounts for 14.97%, Food & Non-alcoholic Beverages for 12.86%, Recreation & Culture for 10.79%, and Miscellaneous Goods & Services for 8.72%. The index also includes: Furnishings, Household Equipment & Routine Maintenance (6.89%), Clothing & Footwear (5.09%), Alcoholic Beverages & Tobacco (4.2%), Health (3.39%), Communication (2.37%), and Education (0.49%).
Actual Previous Highest Lowest Dates Unit Frequency
3.00 2.70 18.90 -1.80 1950 - 2026 percent Monthly
2015=100

News Stream
Norway Inflation Rate Picks Up to 3%
Norway’s annual inflation rate rose to 3% in July 2026 from 2.7% in the previous month. Price growth mainly accelerated for housing, water, electricity, gas and other fuels (4.6% vs. 3.4% in June) and transport (2.6% vs. 1.7%), amid elevated global energy prices. Inflation also increased for health (4.4% vs. 3.8%), recreation, sport and culture (4.3% vs. 3.2%), and clothing and footwear (2.9% vs. 2.6%). By contrast, price growth slowed for food and non-alcoholic beverages (1.1% vs. 2.3%), furnishings and household equipment (0.5% vs. 2.3%), alcoholic beverages, tobacco and narcotics (2.6% vs. 2.8%), restaurants and accommodation services (5.7% vs. 6.0%), and insurance and financial services (7.9% vs. 8.9%). On a monthly basis, consumer prices jumped 1%, the most since February 2025, following a 0.2% decline in June. Meanwhile, the CPI-ATE, which excludes energy prices and tax changes, rose 2.7% year-on-year, unchanged from June, while increasing 0.8% month-on-month.
2026-08-10
Norway Inflation Rate Hits 4-Month Low
Norway’s annual inflation rate eased to 2.7% in June 2026 from 3.1% in the previous month, well below market expectations of 3.2%. It marked the lowest reading since February, as price growth slowed across major categories, particularly food and non-alcoholic beverages (2.3% vs 3.4% in May) and transport (1.7% vs 2.6%). Inflation also eased for alcoholic beverages and tobacco (2.8% vs 3%), health (3.8% vs 4.1%), information and communication (1.8% vs 5.7%), recreation, sport and culture (3% vs 3.8%), and restaurants and accommodation services (6% vs 6.2%). By contrast, price growth accelerated for housing and utilities (3.4% vs 2.8%) and clothing and footwear (2.6% vs 1.8%). On a monthly basis, the CPI fell 0.2%, reversing a 0.2% increase in May and defying market expectations of a 0.3% rise. Meanwhile, the CPI-ATE, which excludes energy prices and tax changes, stood at 3.4% year-on-year, unchanged from May and remaining at its highest level since January.
2026-07-10
Norway Inflation Rate Hits 3-Month Low
Norway’s annual inflation rate eased to 3.1% in May 2026 from 3.4% in the previous month, pointing to the lowest reading since February. Price growth slowed for food and non-alcoholic beverages (3.4% vs 6.6% in April), alcoholic beverages and tobacco (3.0% vs 3.5%), housing and utilities (2.8% vs 3.6%), and recreation and culture (3.8% vs 4.0%). Meanwhile, inflation held steady for education services (at 2.4%). Simultaneously, prices for personal care and miscellaneous goods remained in deflation (-1.5% vs -1.3%). In contrast, costs accelerated for clothing (1.8% vs 1.5%), furnishings and household equipment (2.3% vs 0.3%), health (4.1% vs 3.4%), transport (2.6% vs 2.4%), and restaurants and accommodation services (6.2% vs 5.8%). Meanwhile, the CPI-ATE, which excludes energy and tax effects, increased 3.4% year-on-year, marking the highest level in four months and accelerating from April's 3.2%. On a monthly basis, the CPI rose 0.2%, slowing from a 0.2% gain in April.
2026-06-10