Norway Inflation Rate

Last Release

Mar 31, 2025

Actual

2.6

Units In

3.6

Frequency

Monthly

Next Release

May 09, 2025

Time to Release

27 Days 3 Hours

Highest	Lowest	Average	Date Range	Source
18.9 Jun 1951	-1.8 Jan 2004	4.51 %	1950-2025	Statistics Norway

In Norway, the most important category in the consumer price index is Housing and Utilities (23 percent of total weight). Transport accounts for 16 percent; Food and Non-Alcoholic Beverages for 13 percent; Recreation and Culture for 12 percent; Miscellaneous Goods and Services for 9 percent and Furniture, Household Goods and Maintenance for 7 percent. Restaurants and Hotels; Clothing and Footwear; Alcoholic beverages and Tobacco; Health; Communication and Education account for the remaining 21 percent of total weight.

Latest Updates

The annual consumer inflation rate in Norway eased to 2.6% in March 2025 from a ten-month high of 3.6% in February, falling below expectations of 2.9%. The slowdown was largely driven by a sharp deceleration in housing and utilities inflation (1.3% vs 5.1%). Price growth also moderated for furnishings, household equipment and maintenance (0.4% vs 1.8%), health (4.8% vs 5%), transport (1.5% vs 1.7%), and restaurants and hotels (3.4% vs 3.9%). On a monthly basis, consumer prices dropped 0.7%, reversing February’s 1.4% rise and exceeding the forecast 0.5% decline. Meanwhile, the CPI adjusted for tax changes and excluding energy products (CPI-ATE) rose 3.4% year-on-year, matching February’s rate and forecasts, and remaining at its highest level since June 2020. Compared to the prior month, it increased by 0.2%, easing from a 1% rise in February but slightly above the expected 0.1% gain.