Norway’s annual inflation rate rose to 3.4% in September 2026, the highest since April, up from 3.3% in August but below expectations of 3.6%. Price growth accelerated mainly for food and non-alcoholic beverages (2.4% vs. 1.6% in August) and transport (4.8% vs. 2.4%). Inflation also picked up for alcoholic beverages and tobacco (2.6% vs. 2.4%), health (4.9% vs. 4.4%), recreation, sport and culture (4.0% vs. 3.8%), education (4.3% vs. 2.4%), and restaurants and accommodation services (6.0% vs. 5.5%). By contrast, inflation eased for housing, electricity and fuels (3.5% vs. 3.9%), information and communication (1.7% vs. 3.2%), and other goods and services (3.9% vs. 4.3%). Meanwhile, prices of furnishings and household equipment fell 1.1% year-on-year, reversing a 1.5% increase in August. On a monthly basis, consumer prices rose 0.5%, following a 0.3% decline in August. The CPI-ATE, which excludes energy prices and tax changes, rose 3.1% year-on-year and 0.2% month-on-month. source: Statistics Norway

Inflation Rate in Norway increased to 3.40 percent in September from 3.30 percent in August 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 October of 2026.

Inflation Rate in Norway increased to 3.40 percent in September from 3.30 percent in August of 2026. Inflation Rate in Norway is expected to be 3.20 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 2.50 percent in 2027 and 2.30 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-10 06:00 AM
Inflation Rate YoY
Aug 3.3% 3% 3.2% 3.3%
2026-10-09 06:00 AM
Inflation Rate YoY
Sep 3.4% 3.3% 3.6% 3.5%
2026-11-10 07:00 AM
Inflation Rate YoY
Oct 3.4% 3.8%

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Components Last Previous Unit Reference
Food Inflation 2.40 1.60 percent Sep 2026

Related Last Previous Unit Reference
CPI 104.00 103.50 points Sep 2026
CPI-ATE 103.50 103.30 points Sep 2026
CPI-ATE YoY 3.00 3.00 percent Sep 2026
CPI Housing Utilities 104.40 104.10 points Sep 2026
CPI Transportation 105.30 102.90 points Sep 2026
Export Prices 329.90 303.10 points Jun 2026
GDP Deflator 107.40 104.00 points Jun 2026
Harmonised Consumer Prices 103.99 103.40 points Sep 2026
Import Prices 208.10 210.20 points Jun 2026
Inflation Rate YoY 3.40 3.30 percent Sep 2026
Inflation Rate MoM 0.50 -0.30 percent Sep 2026
Producer Prices 166.70 148.30 points Sep 2026
PPI YoY 48.80 30.10 percent Sep 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
3.40 3.30 18.90 -1.80 1950 - 2026 percent Monthly
2015=100

News Stream
Norway Inflation Quickens to 3.4%
Norway’s annual inflation rate rose to 3.4% in September 2026, the highest since April, up from 3.3% in August but below expectations of 3.6%. Price growth accelerated mainly for food and non-alcoholic beverages (2.4% vs. 1.6% in August) and transport (4.8% vs. 2.4%). Inflation also picked up for alcoholic beverages and tobacco (2.6% vs. 2.4%), health (4.9% vs. 4.4%), recreation, sport and culture (4.0% vs. 3.8%), education (4.3% vs. 2.4%), and restaurants and accommodation services (6.0% vs. 5.5%). By contrast, inflation eased for housing, electricity and fuels (3.5% vs. 3.9%), information and communication (1.7% vs. 3.2%), and other goods and services (3.9% vs. 4.3%). Meanwhile, prices of furnishings and household equipment fell 1.1% year-on-year, reversing a 1.5% increase in August. On a monthly basis, consumer prices rose 0.5%, following a 0.3% decline in August. The CPI-ATE, which excludes energy prices and tax changes, rose 3.1% year-on-year and 0.2% month-on-month.
2026-10-09
Norway Inflation Picks Up to 3.3% in August
Norway’s annual inflation rate rose to a four-month high of 3.3% in August 2026 from 3.0% in July, coming in above expectations of 3.2%. Price growth mainly accelerated for food and non-alcoholic beverages (1.6% vs. 1.1% in July), furnishings and household equipment (1.5% vs. 0.5%), information and communication (3.2% vs. 1.4%), and other goods and services (4.3% vs. -2.1%). By contrast, price growth slowed for housing, water, electricity, gas and other fuels (3.9% vs. 4.6%), and transport (2.4% vs. 2.6%). Inflation also moderated for clothing and footwear (2.2% vs. 2.9%), alcoholic beverages and tobacco (2.4% vs. 2.6%), recreation, sport and culture (3.8% vs. 4.3%), and restaurants and accommodation services (5.5% vs. 5.7%). On a monthly basis, consumer prices fell 0.3%, following a 1% jump in July. Meanwhile, the CPI-ATE, which excludes energy prices and tax changes, rose 3.0% year-on-year, while falling 0.5% month-on-month.
2026-09-10
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