Norway’s annual inflation rate accelerated to 3.6% in January 2026 from 3.2% in December, well above the expected 3.1%. This marks the highest reading in four months, mainly driven by faster price increases for housing, water, electricity, gas and other fuels (4.3% vs 3.9%), and transport (4.4% vs 2.7%). Inflation also picked up for furnishings, household equipment and routine household maintenance (1.7% vs 0.3%), recreation, sport and culture (4.3% vs 4.0%), and restaurants and accommodation services (5.8% vs 5.1%). Clothing and footwear turned positive after a prior decline (0.7% vs -1.2%). In contrast, inflation slowed for food and non-alcoholic beverages (4.2% vs 5.3%), alcoholic beverages, tobacco and narcotics (2.8% vs 3.3%), and health (2.7% vs 3.0%). On a monthly basis, the CPI rose 0.6%, the most since late July, up from 0.1% in December. The CPI-ATE, which excludes energy and tax effects, rose 3.4% year-on-year, exceeding market expectations of 3% and December’s 3.1%. source: Statistics Norway

Inflation Rate in Norway increased to 3.60 percent in January from 3.20 percent in December of 2025. Inflation Rate in Norway averaged 4.50 percent from 1950 until 2026, 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 February of 2026.

Inflation Rate in Norway increased to 3.60 percent in January from 3.20 percent in December of 2025. 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. In the long-term, the Norway Inflation Rate is projected to trend around 2.20 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-09 07:00 AM
Inflation Rate YoY
Dec 3.2% 3% 3% 2.9%
2026-02-10 07:00 AM
Inflation Rate YoY
Jan 3.6% 3.2% 3.1% 3.1%
2026-03-10 07:00 AM
Inflation Rate YoY
Feb 3.6%

Components Last Previous Unit Reference
Food Inflation 4.20 5.30 percent Jan 2026

Related Last Previous Unit Reference
CPI 101.60 101.00 points Jan 2026
Core Consumer Prices 101.20 100.90 points Jan 2026
Core Inflation Rate YoY 3.60 3.20 percent Jan 2026
CPI Housing Utilities 103.00 101.70 points Jan 2026
CPI Transportation 101.40 100.20 points Jan 2026
Export Prices 266.10 269.00 points Dec 2025
GDP Deflator 100.00 100.40 points Sep 2025
Harmonised Consumer Prices 101.50 100.97 points Jan 2026
Import Prices 214.00 205.60 points Dec 2025
Inflation Rate YoY 3.60 3.20 percent Jan 2026
Inflation Rate MoM 0.60 0.10 percent Jan 2026
Producer Prices 121.90 111.90 points Jan 2026
PPI YoY -7.80 -11.40 percent Jan 2026


Norway Inflation Rate
In Norway, the most important category in the Consumer Price Index is Housing & Utilities (24.62% of the total weight). Transport accounts for 14.97%, Food & Non-alcoholic Beverages for 12.86%, Recreation & Culture for 10.79%, and Miscellaneous Goods & Services for 8.72%. The index also includes: Furnishings, Household Equipment & Routine Maintenance (6.89%), Clothing & Footwear (5.09%), Alcoholic Beverages & Tobacco (4.2%), Health (3.39%), Communication (2.37%), and Education (0.49%).
Actual Previous Highest Lowest Dates Unit Frequency
3.60 3.20 18.90 -1.80 1950 - 2026 percent Monthly
2015=100

News Stream
Norway Inflation Rate Picks Up to 3.6%
Norway’s annual inflation rate accelerated to 3.6% in January 2026 from 3.2% in December, well above the expected 3.1%. This marks the highest reading in four months, mainly driven by faster price increases for housing, water, electricity, gas and other fuels (4.3% vs 3.9%), and transport (4.4% vs 2.7%). Inflation also picked up for furnishings, household equipment and routine household maintenance (1.7% vs 0.3%), recreation, sport and culture (4.3% vs 4.0%), and restaurants and accommodation services (5.8% vs 5.1%). Clothing and footwear turned positive after a prior decline (0.7% vs -1.2%). In contrast, inflation slowed for food and non-alcoholic beverages (4.2% vs 5.3%), alcoholic beverages, tobacco and narcotics (2.8% vs 3.3%), and health (2.7% vs 3.0%). On a monthly basis, the CPI rose 0.6%, the most since late July, up from 0.1% in December. The CPI-ATE, which excludes energy and tax effects, rose 3.4% year-on-year, exceeding market expectations of 3% and December’s 3.1%.
2026-02-10
Norway Inflation Rate Hits 3-Month High
Norway's annual inflation rate ticked up to 3.2% in December 2025, compared to market expectations and the prior month's figure of 3%. It marked the highest reading since September, as prices increased at a faster pace for food and non-alcoholic beverages (5.2% vs 4.7% in November), transport (2.7% vs 2.2%), housing and utilities (3.9% vs 3.7%), recreation and culture (3.1% vs 3%), health (3% vs 2.9%), and restaurants and hotels (5.1% vs 4.7%). On the other hand, costs moderated for alcoholic beverages and tobacco (3.3% vs 3.7%), communications (3.8% vs 4.8%), and miscellaneous goods and services (1.6% vs 1.7%). On a monthly basis, consumer prices stood at 0.1%, unchanged from November. The CPI-ATE, which excludes energy and tax effects, increased by 3.1% year-on-year, edging higher than both market expectations and the prior month's figure of 3%.
2026-01-09
Norway Inflation Slows Less Than Expected
Norway’s annual inflation rate eased to 3.0% in November 2025 from 3.1% in October, but above market expectations of 2.7%. Still, this marked the lowest reading in five months, with food and non-alcoholic beverages inflation slowing notably to 4.7% from 6.2% in October and transport inflation easing to 2.2% from 3.0%. Price growth also moderated for alcoholic beverages and tobacco (3.7% vs 3.9%), communications (4.8% vs 6.4%), recreation and culture (3.0% vs 3.7%), and miscellaneous goods and services (1.7% vs 1.8%). Conversely, inflation accelerated for housing and utilities (3.7% vs 3.1%), health (2.9% vs 2.6%), and restaurants and hotels (4.7% vs 3.1%). On a monthly basis, consumer prices rose 0.1%, matching October’s pace. The CPI-ATE, which excludes energy and tax effects, increased 3.0% year-on-year, its lowest since June and below forecasts of 3.1%, and fell 0.3% month-on-month.
2025-12-10