Norway Inflation Rate  1950-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Norway rose 3.5 percent year-on-year in December of 2016, the same pace as in November. The inflation rate remained at the lowest figure since May while markets expected a 3.8 percent gain. Prices went up at a faster pace for: food and non-alcoholic beverages (+1.7 percent from +1.6 percent), transport (+2.7 percent from +2.6 percent) and clothing & footwear (+3.4 percent from +2.6 percent). Cost increased less than in the prior month for: housing & utilities (+5.6 percent from +6.0 percent) and recreation & culture (+3.9 percent +4.5 percent). Core inflation rose 2.6 percent from a year earlier, following a 2.6 percent gain in November. Compared to the prior month, core inflation dropped by 0.4 percent in November. On a monthly basis, consumer prices fell 0.5 percent, compared to a 0.1 percent rise in a month earlier and missing market consensus of a 0.1 percent decline. It was the first fall since August 2016. Inflation Rate in Norway averaged 4.67 percent from 1950 until 2016, 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.

Norway Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-10 07:00 AM Oct 3.7% 3.6% 3.5% 3.4%
2016-12-09 07:00 AM Nov 3.5% 3.7% 3.5% 3.8%
2017-01-10 07:00 AM Dec 3.5% 3.5% 3.8% 3.7%
2017-02-10 07:00 AM Jan 3.5% 3.50%
2017-03-10 07:00 AM Feb 3.51%
2017-04-10 06:00 AM Mar 3.52%




Norway Prices Last Previous Highest Lowest Unit
Inflation Rate 3.50 3.50 18.90 -1.80 percent [+]
Harmonised Consumer Prices 104.90 105.50 105.50 69.20 Index Points [+]
Consumer Price Index CPI 146.00 146.70 146.70 7.10 Index Points [+]
Core Consumer Prices 135.80 136.30 136.50 108.00 Index Points [+]
Core Inflation Rate 2.50 2.60 3.70 0.00 percent [+]
GDP Deflator 96.61 95.67 101.22 19.03 Index Points [+]
Producer Prices 225.00 214.00 256.40 37.56 Index Points [+]
Producer Prices Change 7.20 -2.60 33.90 -18.60 percent [+]
Export Prices 133.90 131.40 133.90 57.64 Index Points [+]
Import Prices 127.80 128.50 129.80 71.76 Index Points [+]
Food Inflation 1.70 1.60 19.75 -7.07 percent [+]
Cpi Transportation 154.70 154.50 158.70 31.80 Index Points [+]
Inflation Rate Mom -0.50 0.20 5.45 -1.72 percent [+]



Norway Inflation Rate Notes

In Norway, the most important category in the consumer price index is Housing and Utilities (23 percent of total weight). Transport accounts for 15.9 percent; Food and Non-Alcoholic Beverages for 13.1 percent; Recreation and Culture for 11.3 percent; Miscellaneous Goods and Services for 8.9 percent and Furniture, Household Goods and Maintenance for 6.7 percent. Restaurants and Hotels; Clothing and Footwear; Alcoholic beverages and Tobacco; Health; Communication and Education account for the remaining 21.1 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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.50 18.90 -1.80 1950 - 2016 percent Monthly
1998=100



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Liechtenstein 0.00 Dec/16
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Macau 1.44 Dec/16
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Madagascar 6.60 Nov/16
Malawi 20.00 Dec/16
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North Korea 55.00 Jul/13
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Poland 0.80 Dec/16
Portugal 0.90 Dec/16
Puerto Rico 0.00 Nov/16
Qatar 1.80 Dec/16
Republic of the Congo 3.70 Apr/15
Romania -0.54 Dec/16
Russia 5.40 Dec/16
Rwanda 11.00 Dec/16
Sao Tome and Principe 6.20 Nov/16
Saudi Arabia 2.30 Nov/16
Senegal 2.10 Dec/16
Serbia 1.60 Dec/16
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Sierra Leone 15.26 Nov/16
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