Core consumer prices in Norway increased 1.80 percent in December of 2019 over the same month in the previous year.This was the lowest core inflation since October last year. Core Inflation Rate in Norway averaged 1.71 percent from 2003 until 2019, 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. source: Statistics Norway

Core Inflation Rate in Norway is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Norway to stand at 2.20 in 12 months time. In the long-term, the Norway Core Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.

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Norway Core Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.80 2.00 3.70 -0.10 2003 - 2019 percent Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-10-10 06:00 AM Sep 2.2% 2.1% 2.1% 2%
2019-11-11 07:00 AM Oct 2.2% 2.2% 2.3% 2.4%
2019-12-10 07:00 AM Nov 2.0% 2.2% 2% 2.1%
2020-01-10 07:00 AM Dec 1.8% 2% 2% 2.1%
2020-02-10 07:00 AM Jan 1.8%


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.

Norway Prices Last Previous Highest Lowest Unit
Inflation Rate 1.40 1.60 18.90 -1.80 percent [+]
Harmonised Consumer Prices 112.00 112.40 112.40 69.20 points [+]
Consumer Price Index CPI 111.30 111.60 111.60 5.09 points [+]
Core Consumer Prices 109.10 109.30 109.30 82.30 points [+]
Core Inflation Rate 1.80 2.00 3.70 -0.10 percent [+]
GDP Deflator 103.72 104.74 107.60 19.12 points [+]
Producer Prices 113.30 108.80 124.10 16.71 points [+]
Producer Prices Change -2.20 -9.50 33.90 -18.70 percent [+]
Export Prices 145.00 142.10 149.40 57.64 points [+]
Import Prices 153.50 147.40 153.50 71.76 points [+]
Food Inflation -0.40 -0.80 19.90 -7.10 percent [+]
Inflation Rate Mom -0.30 0.30 5.45 -1.72 percent [+]
CPI Housing Utilities 115.90 116.20 116.60 19.50 points [+]
CPI Transportation 111.90 111.80 115.20 21.00 points [+]