Inflation, CPI (Average) in Norway

Source: World Bank, National Statistical Office, IMF estimates (Oct 2020)
Last Updated: Feb 8, 2021

Average inflation measured by CPI reached 2.17 % in 2019 in Norway, according to the National Statistical Office. This is 21.6 % less than in the previous year.

Historically, average inflation measured by CPI in Norway reached an all time high of 13.6 % in 1981 and an all time low of 0.360 % in 1960. When compared to Norway's main peers, average inflation measured by CPI in Denmark amounted to 0.729 %, 1.14 % in Finland, 3.01 % in Iceland and 1.64 % in Sweden in 2019.

Norway has been ranked 94th within the group of 175 countries we follow in terms of average inflation measured by CPI, 14 places above the position seen 10 years ago.

Inflation as measured by the consumer price index (CPI) reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.

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