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Norway Annual Inflation Rate

Norway's annual inflation rate fell to 3.15% in 2024, down from 5.52% in 2023, according to World Bank. This represents a decrease of 2.37% from the previous year. Norway has annual inflation rate lower than the global median (3.15% vs median 3.16%). Compared with the median in Europe, Norway is higher (3.15% vs regional median 2.76%) and ranks 16th out of 43 countries in Europe.

Yearly Historical Data (1960-2024)

(in %)
Year Annual Inflation Rate (%)
2024 3.15%
2023 5.52%
2022 5.76%
2021 3.48%
2020 1.29%
2019 2.17%
2018 2.76%
2017 1.88%
2016 3.55%
2015 2.17%
2014 2.04%
2013 2.12%
2012 0.7%
2011 1.28%
2010 2.42%
2009 2.2%
2008 3.75%
2007 0.71%
2006 2.33%
2005 1.53%
2004 0.45%
2003 2.49%
2002 1.29%
2001 3%
2000 3.09%
1999 2.37%
1998 2.25%
1997 2.57%
1996 1.26%
1995 2.46%
1994 1.38%
1993 2.29%
1992 2.33%
1991 3.44%
1990 4.13%
1989 4.55%
1988 6.68%
1987 8.72%
1986 7.18%
1985 5.71%
1984 6.22%
1983 8.47%
1982 11.34%
1981 13.64%
1980 10.88%
1979 4.51%
1978 8.16%
1977 9.1%
1976 9.16%
1975 11.69%
1974 9.41%
1973 7.42%
1972 7.26%
1971 6.22%
1970 10.64%
1969 2.96%
1968 3.45%
1967 4.58%
1966 3.25%
1965 4.19%
1964 5.87%
1963 2.47%
1962 5.27%
1961 2.16%
1960 0.36%
Norway Annual Inflation Rate : Definition
Annual Inflation Rate measures the yearly percentage increase in consumer prices in Norway.
Indicator Last Value Prior Value Period
Core Inflation Rate 3% 3.1% Sep'25
Inflation Rate 3.6% 3.5% Sep'25
Inflation Rate MoM 0.4% -0.6% Sep'25
Producer Price Index (PPI) -2.8% -3% Sep'25