Cost of food in Norway increased 1.00 percent in May of 2019 over the same month in the previous year. It was the lowest food inflation since June last year. Food Inflation in Norway averaged 3.60 percent from 1980 until 2017, reaching an all time high of 19.90 percent in July of 1981 and a record low of -7.10 percent in June of 2002.
Food Inflation in Norway is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Norway to stand at 2.00 in 12 months time. In the long-term, the Norway Food Inflation is projected to trend around 2.00 percent in 2020, according to our econometric models.