Inflation Rate in Norway remained unchanged at 3 percent in June. 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.

Core consumer prices in Norway increased 3.10 percent in June 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 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.

The Consumer Price Index in Norway increased 0.20 percent in June of 2025 over the previous month. This dataset provides - Norway Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 rate for 2023 was 5.52%, a 0.25% decline from 2022.

<ul style='margin-top:20px;'>

<li>Norway inflation rate for 2022 was <strong>5.76%</strong>, a <strong>2.28% increase</strong> from 2021.</li>
<li>Norway inflation rate for 2021 was <strong>3.48%</strong>, a <strong>2.2% increase</strong> from 2020.</li>
<li>Norway inflation rate for 2020 was <strong>1.29%</strong>, a <strong>0.88% decline</strong> from 2019.</li>
</ul>Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

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.

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.

Harmonised Inflation Rate YoY in Norway remained unchanged at 2.70 percent in June. 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 Norway was 2.73 percent. That number was released in . It shows an increase from the inflation rate in the previous month when it stood at 2.06 percent. Compared to a year ago, we see an increase from the...

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.

Core Inflation Rate MoM in Norway increased to 0.50 percent in June from 0.20 percent in May of 2025. This dataset includes a chart with historical data for Norway Core Inflation Rate MoM.

Inflation rates were high in several countries around the world in 2022, so also in the Nordic countries, where inflation rates were estimated to be between *** percent (Norway) and *** percent (Denmark). While inflation rates decreased somewhat in Denmark, Norway, Sweden, and Finland in 2023 and 2024, they were estimated to remain high in Iceland.

GDP deflator of Norway plummeted by 98.15% from -11.1 % in 2023 to -0.2 % in 2024. Since the 40.58% surge in 2022, GDP deflator sank by 100.72% in 2024. 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.

In 2025, the average inflation rate in Norway lies at approximately 2.60 percent.Fluctuating decline between 1980 and 2025Between 1980 and 2025 a total decrease by approximately 8.31 percentage points can be observed. This decrease however did not happen continuously.Fluctuating decline between 2025 and 2030The inflation will lie at close to 2 percent in 2030, according to forecasts. Compared to 2025 this is an overall decrease by approximately 0.60 percentage points.This indicator measures 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.

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.

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.

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

Inflation, monthly percent change in the CPI in Norway, June, 2025 The most recent value is 0.22 percent as of June 2025, a decline compared to the previous value of 0.43 percent. Historically, the average for Norway from February 1996 to June 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