Inflation Rate in Norway increased to 3.60 percent in February from 2.30 percent in January of 2025. This dataset provides - Norway Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The inflation rate in Norway was high during the fall of 2021, when electricity prices in the country were extremely high, and through much of 2022 and the first half of 2023 as the Russian war in Ukraine caused rising inflation. However, the inflation rate in Norway has fallen somewhat since, reaching 3.6 percent in February 2025.

The average inflation rate in Norway was forecast to continuously decrease between 2024 and 2029 by in total 1.3 percentage points. The inflation is estimated to amount to two percent in 2029. The International Monetary Fund describes this indicator as a measure of inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent.Find more key insights for the average inflation rate in countries like Iceland, Denmark, and Finland.

Harmonised Inflation Rate YoY in Norway increased to 3.30 percent in February from 1.90 percent in January of 2025. This dataset includes a chart with historical data for Norway Harmonised Inflation Rate YoY.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Norvège was 1.87 pour cent. That number was released in . It shows an increase from the inflation rate in the previous month when it stood at 1.72 pour cent. Compared to a year ago, we see a decrease from...

Core Inflation Rate MoM in Norway increased to 1 percent in February from 0.10 percent in January of 2025. This dataset includes a chart with historical data for Norway Core Inflation Rate MoM.

Harmonised Inflation Rate MoM in Norway increased to 1.60 percent in February from 0 percent in January of 2025. This dataset includes a chart with historical data for Norway Harmonised Inflation Rate MoM.

In the third quarter of 2024, half of Norwegian companies had problems with increasing purchase prices as a result of rising inflation seen around the world. Moreover, more than 40 percent faced problems due to an unstable economic framework. On the other hand, only 10 percent had issues with lack of credits or financing. As a consequence of the COVID-19 pandemic, as well as the Russian War in Ukraine that started in February 2022, inflation has been surging worldwide. For more information about inflation in the Nordic countries, please visit our dedicated topic page.

Inflation, GDP deflator: linked series (annual %) in Norway was reported at --10.62 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Norway - Inflation, GDP deflator: linked series (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Overall Index Excluding Energy, Food, Alcohol and Tobacco for Norway (NORCPHPLA01GYM) from Jan 1997 to Jan 2025 about tobacco, alcohol, Norway, core, all items, and inflation.

The inflation rates of energy commodity prices in Norway have fluctuated considerably since the beginning of 2021. Electricity price inflation peaked at 144.4 percent in November 2021, before dropping again in early 2022. In August of that year, electricity price inflation stood at 22.6 percent. In November 2024, electricity and energy price inflation was negative.

Norway NO: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 3.845 % in 2017. This records an increase from the previous number of -1.114 % for 2016. Norway NO: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 4.766 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 15.434 % in 2000 and a record low of -5.205 % in 2009. Norway NO: Inflation:(GDP) Gross Domestic ProductDeflator data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Norway – Table NO.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; Median;

This statistic shows the monthly inflation rate for HICP (all items) compared to the same period in the previous year in Norway from January to December 2018. In December 2018, the inflation rate was 3.9 percent compared to the same month in the previous year.

Graph and download economic data for Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Norway (CPGRLE01NOM657N) from Jan 1979 to Dec 2023 about Norway, core, all items, CPI, inflation, price index, indexes, and price.

Norway NO: NAIRU: Equilibrium Unemployment Rate data was reported at 3.514 % in 2022. This records an increase from the previous number of 3.480 % for 2021. Norway NO: NAIRU: Equilibrium Unemployment Rate data is updated yearly, averaging 3.462 % from Dec 1985 (Median) to 2022, with 38 observations. The data reached an all-time high of 4.744 % in 1993 and a record low of 2.775 % in 1985. Norway NO: NAIRU: Equilibrium Unemployment Rate data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Norway – Table NO.OECD.EO: Non-Accelerating Inflation Rate of Unemployment (NAIRU): Forecast: OECD Member: Annual. NAIRU - Equilibrium unemployment rate The equilibrium unemployment rate (code NAIRU) is estimated using a Kalman filter in a Phillips curve framework which assumes inflation expectations are anchored at the central bank’s inflation target . The NAIRU is then projected forward from the last estimated period using a simple autoregressive rule, exceptionally modified to account for recent labour market reforms, until the end of the forecasting horizon More details on methodology in Rusticelli E., Turner D. and M. C. Cavalleri (2015), Incorporating anchored inflation expectations in the Phillips Curve and in the derivation of OECD measures of equilibrium unemployment, OECD Economics Department Working Papers No.1231 OECD, Economics Department Working Papers: Incorporating anchored inflation expectations in the Phillips Curve and in the derivation of OECD measures of equilibrium unemployment:https://www.oecd-ilibrary.org/economics/incorporating-anchored-inflation-expectations-in-the-phillips-curve-and-in-the-derivation-of-oecd-measures-of-equilibrium-unemployment_5js1gmq551wd-en

This bar chart displays inflation (annual %) by continent and is filtered where the country is Norway. The data is about countries per year.

Norway NO: Core Inflation Index: Double Hit Scenario data was reported at 1.071 Index, 2017 in Dec 2021. This records an increase from the previous number of 1.067 Index, 2017 for Sep 2021. Norway NO: Core Inflation Index: Double Hit Scenario data is updated quarterly, averaging 0.725 Index, 2017 from Mar 1979 (Median) to Dec 2021, with 172 observations. The data reached an all-time high of 1.071 Index, 2017 in Dec 2021 and a record low of 0.247 Index, 2017 in Mar 1979. Norway NO: Core Inflation Index: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Norway – Table NO.OECD.EO: Consumer and Wholesale Price Index: Forecast: OECD Member: Quarterly. PCORE - Core inflation indexOECD group, all items non-food non-energy. See exceptions at the country serie metadataIndex, national reference yearData are seasonally adjusted by the OECD

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Norway (CPGRLE01NOM659N) from Jan 1979 to Feb 2025 about Norway, core, all items, CPI, inflation, price index, indexes, and price.

L'indice dei prezzi al consumo in Norvegia è aumentato dello 0,20 percento a gennaio 2025 rispetto al mese precedente. Valori correnti, dati storici, previsioni, statistiche, grafici e calendario economico - Norvegia - Tasso di inflazione (Mensile).

This scatter chart displays nitrous oxide emissions (Mt of CO2 equivalent) against inflation (annual %) and is filtered where the country is Norway. The data is about countries per year.