Norway Inflation Rate  1950-2016 | Data | Chart | Calendar | Forecast

Consumer prices in Norway increased by 3.7 percent year-on-year in October of 2016, following a 3.6 percent growth in September. The figure came in above market expectations of a 3.5 percent gain, as higher prices of electricity, gas and other fuels continued to push up inflation (+24.4 percent from +24.2 percent in September). Additional upward pressure came from: Transport (+2.3 percent); food and non-alcoholic beverages (+3.2 percent); recreation and culture (+4.3 percent); and miscellaneous goods and services (+1.9 percent). Meanwhile, cost of petrol and diesel prices were 1.3 and 4.9 percent lower. Annual core inflation stood at 2.9 percent, the same as in the prior month. On a monthly basis, consumer prices went up 0.5 percent, slowing from a 0.8 percent rise in September, but beating consensus of a 0.3 percent growth. 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)
2016-09-09 08:00 AM Aug 4% 4.4% 4.1% 3.4%
2016-10-10 06:00 AM Sep 3.6% 4% 4% 3.2%
2016-11-10 07:00 AM Oct 3.7% 3.6% 3.5% 3.4%
2016-12-09 07:00 AM Nov 3.7% 3.5% 3.8%
2017-01-11 09:00 AM Dec
2017-02-10 09:00 AM Jan




Norway Prices Last Previous Highest Lowest Unit
Inflation Rate 3.70 3.60 18.90 -1.80 percent [+]
Harmonised Consumer Prices 105.20 104.60 105.20 69.20 Index Points [+]
Consumer Price Index CPI 146.40 145.70 146.40 7.10 Index Points [+]
Core Consumer Prices 136.50 136.20 136.50 108.00 Index Points [+]
Core Inflation Rate 2.90 2.90 3.70 0.00 percent [+]
GDP Deflator 96.61 95.67 101.22 19.03 Index Points [+]
Producer Prices 208.80 204.20 256.40 37.56 Index Points [+]
Producer Prices Change -4.50 -6.10 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 3.20 2.60 19.75 -7.07 percent [+]
Cpi Transportation 154.90 155.00 158.70 31.80 Index Points [+]
Inflation Rate Mom 0.50 0.83 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
3.70 3.60 18.90 -1.80 1950 - 2016 percent Monthly
1998=100



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Ireland -0.30 Oct/16
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Kosovo 0.90 Oct/16
Kuwait 3.62 Oct/16
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Laos 1.84 Sep/16
Latvia 1.00 Oct/16
Lebanon 1.13 Oct/16
Lesotho 5.70 Oct/16
Liberia 8.44 Jun/16
Libya 27.40 Jun/16
Liechtenstein -0.30 Nov/16
Lithuania 0.90 Oct/16
Luxembourg 0.54 Nov/16
Macau 1.33 Oct/16
Macedonia -0.20 Nov/16
Madagascar 6.70 Sep/16
Malawi 20.10 Oct/16
Malaysia 1.40 Oct/16
Maldives 0.40 Sep/16
Mali -3.50 Aug/16
Malta 0.50 Oct/16
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Mauritius 2.20 Nov/16
Mexico 3.06 Oct/16
Moldova 2.50 Oct/16
Mongolia -0.10 Oct/16
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Morocco 1.60 Oct/16
Mozambique 25.53 Oct/16
Myanmar 10.67 Mar/16
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Nepal 6.70 Oct/16
Netherlands 0.40 Oct/16
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Nigeria 18.30 Oct/16
North Korea 55.00 Jul/13
Norway 3.70 Oct/16
Oman 2.04 Oct/16
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Palestine -1.67 Oct/16
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Portugal 0.90 Oct/16
Puerto Rico -0.40 Oct/16
Qatar 2.20 Oct/16
Republic of the Congo 3.70 Apr/15
Romania -0.40 Oct/16
Russia 5.80 Nov/16
Rwanda 9.10 Oct/16
Sao Tome and Principe 5.80 Oct/16
Saudi Arabia 2.60 Oct/16
Senegal -0.30 Oct/16
Serbia 1.50 Oct/16
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