Norway Inflation Rate

The inflation rate in Norway was recorded at 1.90 percent in April of 2013. Inflation Rate in Norway is reported by the Statistics Norway. Historically, from 1950 until 2013, Norway Inflation Rate averaged 4.79 Percent reaching an all time high of 18.90 Percent in August of 1951 and a record low of -1.80 Percent in January of 2004. In Norway, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. This page includes a chart with historical data for Norway Inflation Rate.

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Inflation Rate | Notes

The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.

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