Norway Inflation Rate

Last Release

May 31, 2025

Actual

Units In

2.5

Frequency

Monthly

Next Release

Jul 10, 2025

Time to Release

28 Days 6 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 rose to 3% in May 2025 from 2.5% in the previous month. This marked the highest reading since February, mainly driven by higher prices of food and non-alcoholic beverages (5.3% vs 3.3% in April), alcoholic beverages and tobacco (3.7% vs 3.5%), and housing and utilities (5% vs 2.3%). Meanwhile, inflation moderated for furnishings, household equipment and maintenance (0.7% vs 1.5%), and health (4.3% vs 4.6%). Additionally, costs for clothing and footwear declined by 1.8% in May, the same pace in the prior month. On a monthly basis, consumer prices increased by 0.4%, slowing from a 0.7% gain in the preceding period. Meanwhile, the CPI adjusted for tax changes and excluding energy products (CPI-ATE) went up by 2.8% year-on-year, marking the lowest rate in four months, slowing from a 0.7% advance in April.