Norway's annual inflation rate eased to a nine-month low of 2.9 percent in March 2019 from 3.0 percent in the previous month, but slightly above market consensus of 2.8 percent. Prices rose at a softer pace for: housing & utilities (2.7 percent vs 4.1 percent in February) and recreation & culture (3.2 percent vs 4.3 percent). On the other hand, inflation was steady for miscellaneous goods & services (at 1.4 percent), while accelerated for food & non-alcoholic beverages (2.9 percent vs 2.0 percent); transport (3.5 percent vs 2.7 percent); restaurants & hotels (4.2 percent vs 3.1 percent); and furnishings, household equipment & routine maintenance (3.2 percent vs 1.8 percent). The core inflation rate, which is adjusted for tax changes and excludes energy products, increased to 2.7 percent in March from 2.6 percent in the prior month, beating consensus of 2.5 percent. On a monthly basis, consumer prices rose 0.2 prices and the core index increased 0.3 percent. Inflation Rate in Norway averaged 4.60 percent from 1950 until 2019, 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.

Inflation Rate in Norway is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Norway to stand at 2.10 in 12 months time. In the long-term, the Norway Inflation Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.

Norway Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-10 07:00 AM Inflation Rate YoY 3.5% 3.5% 3.4% 3.1%
2019-02-11 07:00 AM Inflation Rate YoY 3.1% 3.5% 3.3% 3.3%
2019-03-11 07:00 AM Inflation Rate YoY 3% 3.1% 2.8% 3%
2019-04-10 06:00 AM Inflation Rate YoY 2.9% 3% 2.8% 3.1%
2019-05-10 06:00 AM Inflation Rate YoY 2.9% 2.8%
2019-06-11 06:00 AM Inflation Rate YoY 2.6%
2019-07-10 06:00 AM Inflation Rate YoY 2.6%


Norway Prices Last Previous Highest Lowest Unit
Inflation Rate 2.90 3.00 18.90 -1.80 percent [+]
Harmonised Consumer Prices 111.10 107.70 111.10 69.20 Index Points [+]
Consumer Price Index CPI 110.40 110.20 110.40 5.09 Index Points [+]
Core Consumer Prices 108.00 107.70 108.00 82.30 Index Points [+]
Core Inflation Rate 2.70 2.60 3.70 -0.10 percent [+]
GDP Deflator 110.44 111.24 111.24 19.86 Index Points [+]
Producer Prices 114.40 116.80 124.10 16.71 Index Points [+]
Producer Prices Change 5.20 8.00 33.90 -18.70 percent [+]
Export Prices 154.70 155.10 155.10 57.64 Index Points [+]
Import Prices 146.80 143.30 146.80 71.76 Index Points [+]
Food Inflation 2.90 2.00 19.90 -7.10 percent [+]
Inflation Rate Mom 0.20 0.80 5.45 -1.72 percent [+]
CPI Housing Utilities 115.20 115.80 116.60 19.50 Index Points [+]
CPI Transportation 111.00 110.20 111.40 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.90 3.00 18.90 -1.80 1950 - 2019 percent Monthly
2015=100




Country Last Previous
Argentina 54.70 Mar/19
Australia 1.80 Dec/18
Brazil 4.58 Mar/19
Canada 1.90 Mar/19
China 2.30 Mar/19
Euro Area 1.40 Mar/19
France 1.10 Mar/19
Germany 1.30 Mar/19
India 2.86 Mar/19
Indonesia 2.48 Mar/19
Italy 1.00 Mar/19
Japan 0.50 Mar/19
Mexico 4.00 Mar/19
Netherlands 2.80 Mar/19
Russia 5.30 Mar/19
Saudi Arabia -2.20 Feb/19
Singapore 0.50 Feb/19
South Africa 4.50 Mar/19
South Korea 0.40 Mar/19
Spain 1.30 Mar/19
Switzerland 0.70 Mar/19
Turkey 19.71 Mar/19
United Kingdom 1.90 Mar/19
United States 1.90 Mar/19


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