Inflation Rate in Norway increased to 3.30 percent in July from 3 percent in June of 2025. This dataset provides - Norway Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the average inflation rate in Norway was approximately 3.15 percent. Between 1980 and 2024, the figure dropped by around 7.76 percentage points, though the decline followed an uneven course rather than a steady trajectory. The inflation is forecast to decline by about 1.15 percentage points from 2024 to 2030, fluctuating as it trends downward.This indicator measures inflation based upon the year-on-year change in the average consumer price index, expressed in percent. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services.

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 *** percent in February 2025.

Core consumer prices in Norway increased 3.10 percent in July of 2025 over the same month in the previous year. This dataset provides - Norway Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Consumer Price Index in Norway increased 0.80 percent in July of 2025 over the previous month. This dataset provides - Norway Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Inflation, consumer prices for Norway (FPCPITOTLZGNOR) from 1960 to 2024 about Norway, consumer, CPI, inflation, price index, indexes, and price.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Norway was 2.65 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 2.73 percent. Compared to a year ago, we see an increase from the inflation...

Harmonised Inflation Rate YoY in Norway increased to 3.10 percent in July from 2.70 percent in June of 2025. This dataset includes a chart with historical data for Norway Harmonised Inflation Rate YoY.

Taux d'inflation de base MoM en Norvège a augmenté à 0,80 pour cent en juillet contre 0,50 pour cent en juin 2025. Cette dataset comprend un graphique avec des données historiques pour le taux d'inflation de base MoM en Norvège.

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: Inflation forecast: The latest value from 2030 is 2 percent, unchanged from 2 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Norway from 1980 to 2030 is 3.52 percent. The minimum value, 0.11 percent, was reached in 2011 while the maximum of 13.48 percent was recorded in 1980.

Inflation, monthly percent change in the CPI in Norway, July, 2025 The most recent value is 0.86 percent as of July 2025, an increase compared to the previous value of 0.22 percent. Historically, the average for Norway from February 1996 to July 2025 is 0.2 percent. The minimum of -1.66 percent was recorded in January 2022, while the maximum of 1.83 percent was reached in September 2022. | TheGlobalEconomy.com

Historical dataset showing Norway inflation rate by year from 1960 to 2024.

In Norway, electricity prices reached high inflation levels during the fall of 2021, when the water level in the country's water magazines was low. Moreover, an increase in several commodity prices in 2022 and 2023 following the Russian war in Ukraine caused continuing inflation. Food and non-alcohlic beverages was the commodity with the highest inflation rate as of June 2024. The total inflation rate in the country in April 2024 was *** percent.

Norway Core Inflation Index data was reported at 1.159 Index, 2022 in Dec 2026. This records an increase from the previous number of 1.153 Index, 2022 for Sep 2026. Norway Core Inflation Index data is updated quarterly, averaging 0.692 Index, 2022 from Mar 1979 (Median) to Dec 2026, with 192 observations. The data reached an all-time high of 1.159 Index, 2022 in Dec 2026 and a record low of 0.219 Index, 2022 in Mar 1979. Norway Core Inflation Index 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.

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;

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 Mar 2025 about alcohol, tobacco, Norway, core, all items, and inflation.

Inflation rate of Norway declined by 0.07% from 3.0 % in 2025M5 to 3.0 % in 2025M6. Since the 51.38% jump in 2025M2, inflation rate plummeted by 15.28% in 2025M6.

Cost of food in Norway increased 5.90 percent in July of 2025 over the same month in the previous year. This dataset provides - Norway Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.