Core consumer prices in Norway increased 2.80 percent in April of 2020 over the same month in the previous year.

Core Inflation Rate in Norway averaged 1.73 percent from 2003 until 2020, 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. This page provides - Norway Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Statistics Norway

Core Inflation Rate in Norway is expected to be 1.90 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 2021, according to our econometric models.

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Norway Core Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.80 2.10 3.70 -0.10 2003 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-10 07:00 AM Jan 2.9% 1.8% 2% 1.9%
2020-03-10 07:00 AM Feb 2.1% 2.9% 2.4% 2.7%
2020-04-08 06:00 AM Mar 2.1% 2.1% 2.1% 2.3%
2020-05-11 06:00 AM Apr 2.8% 2.1% 2.1% 1.9%
2020-06-10 06:00 AM May 2.8%
2020-07-10 06:00 AM Jun -1.9%
2020-08-10 06:00 AM Jul
2020-09-10 06:00 AM Aug

Norway Prices Last Previous Highest Lowest Unit
Inflation Rate 0.80 0.70 18.90 -1.80 percent [+]
Consumer Price Index CPI 111.70 111.20 111.70 5.09 points [+]
Harmonised Consumer Prices 112.30 111.70 112.40 69.20 points [+]
Core Consumer Prices 111.50 110.30 111.50 82.30 points [+]
Core Inflation Rate 2.80 2.10 3.70 -0.10 percent [+]
GDP Deflator 104.82 105.24 107.73 19.12 points [+]
Producer Prices 96.70 100.00 124.10 16.71 points [+]
Producer Prices Change -16.10 -12.60 33.90 -18.70 percent [+]
Export Prices 146.80 145.00 149.40 57.64 points [+]
Import Prices 152.10 153.50 153.50 71.76 points [+]
Food Inflation 4.40 2.70 19.90 -7.10 percent [+]
Inflation Rate Mom 0.40 0.00 5.45 -1.72 percent [+]
CPI Housing Utilities 110.10 111.30 116.60 19.50 points [+]
CPI Transportation 113.20 112.50 115.20 21.00 points [+]


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.