The Consumer Price Index in Norway decreased 0.30 percent in May of 2019 over the previous month. It was the first decline in consumer prices since January. Inflation Rate Mom in Norway averaged 0.37 percent from 1950 until 2019, reaching an all time high of 5.45 percent in January of 1970 and a record low of -1.72 percent in March of 1959.
Inflation Rate Mom in Norway is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Norway to stand at 0.40 in 12 months time. In the long-term, the Norway Inflation Rate MoM is projected to trend around 0.10 percent in 2020, according to our econometric models.