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

Norway's consumer prices rose 1.5 percent from a year earlier in July 2017, easing from a 1.9 percent gain in the prior month but above market expectations of 1.4 percent. It was the lowest inflation rate since March 2013, as prices increased at a slower pace for: Food and non-alcoholic beverages (0.7 percent vs 0.9 percent in June); recreation and culture (3.1 percent vs 3.3 percent); and miscellaneous goods and services (2.2 percent vs 2.3 percent). Cost increased further for: Housing and utilities (2.6 percent vs 2.5 percent in June); and transport (2.3 percent from 2.2 percent). Annual core inflation rate, which is adjusted for taxes and energy prices and is used by the central bank in setting interest rates, fell to 1.2 percent from 1.6 percent in June. On a monthly basis, consumer prices rose 0.3 percent and core consumer prices also went up 0.3 percent. Inflation Rate in Norway averaged 4.65 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.

Norway Inflation Rate
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-06-09 06:00 AM May 2.1% 2.2% 2.1% 2%
2017-07-10 06:00 AM Jun 1.9% 2.1% 1.7% 1.9%
2017-08-10 06:00 AM Jul 1.5% 1.9% 1.4% 1.5%
2017-09-11 06:00 AM Aug 1.5% 1.7%
2017-10-10 06:00 AM Sep 1.40%
2017-11-10 07:00 AM Oct 1.40%


Norway Prices Last Previous Highest Lowest Unit
Inflation Rate 1.50 1.90 18.90 -1.80 percent [+]
Harmonised Consumer Prices 106.40 106.20 106.40 69.20 Index Points [+]
Consumer Price Index CPI 106.10 105.80 106.10 5.09 Index Points [+]
Core Consumer Prices 105.40 105.10 105.40 82.30 Index Points [+]
Core Inflation Rate 1.20 1.60 3.70 -0.10 percent [+]
GDP Deflator 100.39 98.27 101.05 19.03 Index Points [+]
Producer Prices 214.90 217.10 256.40 37.56 Index Points [+]
Producer Prices Change 1.80 3.20 33.90 -18.60 percent [+]
Export Prices 144.10 144.00 144.10 57.64 Index Points [+]
Import Prices 134.70 132.50 134.70 71.76 Index Points [+]
Food Inflation 0.70 0.90 19.90 -7.10 percent [+]
CPI Housing Utilities 107.10 106.80 107.50 19.50 Index Points [+]
CPI Transportation 107.50 106.30 107.50 21.00 Index Points [+]
Inflation Rate Mom 0.30 0.40 5.45 -1.72 percent [+]


Norway Inflation Rate Notes

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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.90 18.90 -1.80 1950 - 2017 percent Monthly
2015=100



inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.71 Jul/17
Canada 1.20 Jul/17
China 1.40 Jul/17
Euro Area 1.30 Jul/17
France 0.70 Jul/17
Germany 1.70 Jul/17
India 2.36 Jul/17
Indonesia 3.88 Jul/17
Italy 1.10 Jul/17
Japan 0.40 Jun/17
Mexico 6.44 Jul/17
Netherlands 1.30 Jul/17
Russia 3.90 Jul/17
South Korea 2.20 Jul/17
Spain 1.50 Jul/17
Switzerland 0.30 Jul/17
Turkey 9.79 Jul/17
United Kingdom 2.60 Jul/17
United States 1.70 Jul/17