Core consumer prices in Norway increased 1.20 percent in September of 2021 over the same month in the previous year. source: Statistics Norway

Core Inflation Rate in Norway averaged 1.79 percent from 2003 until 2021, reaching an all time high of 3.70 percent in July of 2016 and a record low of -0.10 percent in February of 2004. This page provides - Norway Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

Core Inflation Rate in Norway is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Core Inflation Rate is projected to trend around 1.90 percent in 2022 and 2.00 percent in 2023, according to our econometric models.

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Norway Core Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-07-09 06:00 AM Jun 1.4% 1.5% 1.6% 1.3%
2021-08-10 06:00 AM Jul 1.1% 1.4% 1.1% 1.2%
2021-09-10 06:00 AM Aug 1% 1.1% 1.1% 1.2%
2021-10-11 06:00 AM Sep 1.2% 1% 1.3% 1.2%
2021-11-10 07:00 AM Oct 1.2%
2021-12-10 07:00 AM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


Norway Last Unit Reference Previous Highest Lowest
Inflation Rate 4.10 percent Sep/21 3.40 18.90 -1.80
Consumer Price Index CPI 117.50 points Sep/21 116.30 117.50 5.09
Harmonised Consumer Prices 118.90 points Sep/21 117.40 118.90 69.20
Core Inflation Rate 1.20 percent Sep/21 1.00 3.70 -0.10
Core Consumer Prices 114.20 points Sep/21 113.70 114.40 82.30
GDP Deflator 105.80 points Jun/21 103.42 105.80 17.91
Producer Prices 152.40 points Sep/21 141.10 152.40 16.71
Producer Prices Change 57.80 percent Sep/21 50.10 57.80 -18.70
Export Prices 151.10 points Sep/21 135.60 151.10 57.64
Import Prices 164.90 points Sep/21 159.80 164.90 71.76
Food Inflation -3.80 percent Sep/21 -2.90 19.90 -7.10
Inflation Rate Mom 1.00 percent Sep/21 0.00 5.45 -1.72
CPI Transportation 115.50 points Sep/21 116.40 118.10 21.00
CPI Housing Utilities 127.30 points Sep/21 123.40 127.30 19.50


Norway Core Inflation Rate
In Norway, the core inflation, which is adjusted for taxes and energy prices, is the measure used by the central bank in setting interest rates. It targets inflation at around 2 percent over the long term.