Norway's annual inflation rate declined to 1.9 percent in June 2019, the lowest since January 2018 and below market consensus of 2.1 percent, as prices rose at a softer pace for: housing & utilities (0.8 percent vs 3.5 percent in May); recreation & culture (3.1 percent vs 4.2 percent); restaurants & hotels (2.6 percent vs 3.1 percent); and miscellaneous goods & services (1.3 percent vs 1.4 percent). Meanwhile, inflation accelerated for: transport (3.2 percent vs 2.8 percent); food & non-alcoholic beverages (1.2 percent vs 1.0 percent); furnishings, household equipment & routine maintenance (2.8 percent vs 1.8 percent). The core inflation rate, which is adjusted for tax changes and excludes energy products, was unchanged at 2.3 percent in June, matching market consensus. On a monthly basis, consumer prices edged up 0.1 prices and the core index increased 0.4 percent. Inflation Rate in Norway averaged 4.59 percent from 1950 until 2019, 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.

Inflation Rate in Norway is expected to be 1.70 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 2.00 in 12 months time. In the long-term, the Norway Inflation Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.

Norway Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-10 06:00 AM Inflation Rate YoY Mar 2.9% 3% 2.8% 3.1%
2019-05-10 06:00 AM Inflation Rate YoY Apr 2.9% 2.9% 2.8% 2.8%
2019-06-11 06:00 AM Inflation Rate YoY May 2.5% 2.9% 2.9% 3%
2019-07-10 06:00 AM Inflation Rate YoY Jun 1.9% 2.5% 2.1% 2.4%
2019-08-09 06:00 AM Inflation Rate YoY Jul 1.9% 1.6%
2019-09-10 06:00 AM Inflation Rate YoY Aug 1.5%
2019-10-10 06:00 AM Inflation Rate YoY Sep 1.7%


Norway Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 2.50 18.90 -1.80 percent [+]
Harmonised Consumer Prices 111.40 111.30 111.60 69.20 Index Points [+]
Consumer Price Index CPI 110.60 110.50 110.80 5.09 Index Points [+]
Core Consumer Prices 108.70 108.30 108.70 82.30 Index Points [+]
Core Inflation Rate 2.30 2.30 3.70 -0.10 percent [+]
GDP Deflator 109.70 110.42 111.47 19.86 Index Points [+]
Producer Prices 108.50 114.10 124.10 16.71 Index Points [+]
Producer Prices Change -6.50 0.40 33.90 -18.70 percent [+]
Export Prices 139.80 144.40 149.40 57.64 Index Points [+]
Import Prices 145.80 142.10 145.80 71.76 Index Points [+]
Food Inflation 1.20 1.00 19.90 -7.10 percent [+]
Inflation Rate Mom 0.10 -0.30 5.45 -1.72 percent [+]
CPI Housing Utilities 113.70 114.90 116.60 19.50 Index Points [+]
CPI Transportation 113.40 111.70 113.40 21.00 Index Points [+]


Norway Inflation Rate

In Norway, the most important category in the consumer price index is Housing and Utilities (23 percent of total weight). Transport accounts for 16 percent; Food and Non-Alcoholic Beverages for 13 percent; Recreation and Culture for 12 percent; Miscellaneous Goods and Services for 9 percent and Furniture, Household Goods and Maintenance for 7 percent. Restaurants and Hotels; Clothing and Footwear; Alcoholic beverages and Tobacco; Health; Communication and Education account for the remaining 21 percent of total weight. This page provides - Norway Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Inflation Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.50 18.90 -1.80 1950 - 2019 percent Monthly
2015=100




Country Last Previous
Argentina 55.80 Jun/19
Australia 1.30 Mar/19
Brazil 3.37 Jun/19
Canada 2.00 Jun/19
China 2.70 Jun/19
Euro Area 1.30 Jun/19
France 1.20 Jun/19
Germany 1.60 Jun/19
India 3.18 Jun/19
Indonesia 3.28 Jun/19
Italy 0.70 Jun/19
Japan 0.70 Jun/19
Mexico 3.95 Jun/19
Netherlands 2.70 Jun/19
Russia 4.70 Jun/19
Saudi Arabia -1.50 May/19
Singapore 0.90 May/19
South Africa 4.50 May/19
South Korea 0.70 Jun/19
Spain 0.40 Jun/19
Switzerland 0.60 Jun/19
Turkey 15.72 Jun/19
United Kingdom 2.00 Jun/19
United States 1.60 Jun/19


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