Norway's annual core inflation rate, which is adjusted for tax changes and excludes energy products, was unchanged at 2.1 percent in January 2019, below market consensus of 2.3 percent. Core Inflation Rate in Norway averaged 1.68 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.
Core Inflation Rate in Norway is expected to be 1.60 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 1.70 in 12 months time. In the long-term, the Norway Core Inflation Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.