Norway's annual inflation rate inched higher to 0.8 percent in April 2020 from 0.7 percent in the previous month, beating market expectations of 0.4 percent. Prices rose at a faster pace for food & non-alcoholic beverages (4.4 percent vs 2.7 percent in March), furnishings, household equipment & routine maintenance (5.9 percent vs 3.4 percent) and recreation & culture (2.7 percent vs 2.2 percent). Meantime, transport inflation eased steeply (0.2 percent vs 1.4 percent), while housing & utilities deflation accelerated (-4.3 percent vs -3.4 percent). The CPI adjusted for tax changes and excluding energy products increased 2.8 percent in April, also above market consensus of 2.1 percent. On a monthly basis, consumer prices rose 0.4 percent and the core index went up 1.1 percent.
Inflation Rate in Norway averaged 4.55 percent from 1950 until 2020, reaching an all time high of 18.90 percent in June of 1951 and a record low of -1.80 percent in January of 2004. This page provides - Norway Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Statistics Norway
Inflation Rate 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 Inflation Rate in Norway to stand at 1.70 in 12 months time. In the long-term, the Norway Inflation Rate is projected to trend around 1.90 percent in 2021, according to our econometric models.