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

Annual inflation rate in Norway came in at 3.4 percent year-on-year in September 2018, unchanged from the previous month’s 20-month high and above market consensus of 3.2 percent. Prices rose at a faster pace for food and non-alcoholic beverages (3.4 percent vs 3.2 percent in August); recreation and culture (3.1 percent vs 2.8 percent) and furniture and household equipment (3.2 percent vs flat reading in August). On the other hand, prices increased less than a month earlier for both housing and utilities (6.1 percent vs 6.5 percent) and transport (3.5 percent vs 3.8 percent); while inflation was steady for miscellaneous goods and services (at 1.4 percent). Annual core inflation rate, which is adjusted for tax changes and excludes energy products, stood at 1.9 percent in September, the same pace as in August, but beating market consensus of 1.8 percent. On a monthly basis, consumer prices increased by 0.6 percent, after a 0.4 percent drop in August. 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
2018-08-10 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% 3.4% 3.2% 3.2%
2018-11-09 07:00 AM Inflation Rate YoY 3.4% 2.9%
2018-12-10 07:00 AM Inflation Rate YoY 2.4%


Norway Prices Last Previous Highest Lowest Unit
Inflation Rate 3.40 3.40 18.90 -1.80 percent [+]
Harmonised Consumer Prices 110.30 109.70 110.30 69.20 Index Points [+]
Consumer Price Index CPI 109.50 108.90 109.50 5.09 Index Points [+]
Core Consumer Prices 106.90 106.40 106.90 82.30 Index Points [+]
Core Inflation Rate 1.90 1.90 3.70 -0.10 percent [+]
GDP Deflator 109.29 106.55 109.29 19.86 Index Points [+]
Producer Prices 268.80 264.90 268.80 37.56 Index Points [+]
Producer Prices Change 21.10 22.80 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 3.40 3.20 19.90 -7.10 percent [+]
Inflation Rate Mom 0.60 -0.40 5.45 -1.72 percent [+]
CPI Housing Utilities 114.50 114.30 114.50 19.50 Index Points [+]
CPI Transportation 109.20 109.20 111.40 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 October of 2018.

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




inflation rate by Country
Country Last
Argentina 40.50 Sep/18
Australia 2.10 Jun/18
Brazil 4.53 Sep/18
Canada 2.20 Sep/18
China 2.50 Sep/18
Euro Area 2.10 Sep/18
France 2.20 Sep/18
Germany 2.30 Sep/18
India 3.77 Sep/18
Indonesia 2.88 Sep/18
Italy 1.40 Sep/18
Japan 1.20 Sep/18
Mexico 5.02 Sep/18
Netherlands 1.90 Sep/18
Russia 3.40 Sep/18
Saudi Arabia 2.20 Aug/18
Singapore 0.70 Aug/18
South Africa 4.90 Aug/18
South Korea 1.90 Sep/18
Spain 2.30 Sep/18
Switzerland 1.00 Sep/18
Turkey 24.52 Sep/18
United Kingdom 2.40 Sep/18
United States 2.30 Sep/18


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