Core consumer prices in Norway increased 3.40 percent in May of 2022 over the same month in the previous year. source: Statistics Norway

Core Inflation Rate in Norway averaged 1.79 percent from 2003 until 2022, 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 June of 2022.

Core Inflation Rate in Norway is expected to be 1.90 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 2023 and 2.00 percent in 2024, according to our econometric models.

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Norway Core Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-10 06:00 AM Apr 2.6% 2.1% 2.4% 2.3%
2022-06-10 06:00 AM May 3.4% 2.6% 3.1% 3.3%
2022-07-11 06:00 AM Jun 3.4%


Related Last Previous Unit Reference
Inflation Rate 5.70 5.40 percent May 2022
Consumer Price Index CPI 121.50 121.20 points May 2022
Harmonised Consumer Prices 122.90 122.70 points May 2022
Core Inflation Rate 3.40 2.60 percent May 2022
Core Consumer Prices 117.20 116.70 points May 2022
GDP Deflator 133.06 124.89 points Mar 2022
Producer Prices 200.50 197.20 points May 2022
Producer Prices Change 64.60 66.40 percent May 2022
Export Prices 182.70 161.80 points Mar 2022
Import Prices 175.60 169.50 points Mar 2022
Food Inflation 2.60 1.70 percent May 2022
Inflation Rate Mom 0.20 1.20 percent May 2022
CPI Transportation 126.30 125.50 points May 2022
CPI Housing Utilities 128.20 129.50 points May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
3.40 2.60 3.70 -0.10 2003 - 2022 percent Monthly