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Norway Core Inflation Rate

Norway's core inflation rate dropped to 3.0% in September 2025. This is the lowest rate in four months, down from 3.1% in August 2025. This decline aligns with Norges Bank's forecast of 3.2% for September. The central bank had previously noted less economic slack since June, suggesting inflation could persist. However, core inflation had remained steady at 3.1% from June through August. Norway's record low core inflation was -0.1% in February 2004 and record high was 7.0% in June 2023.

Monthly Historical Data (2003-2025)

(in %)
Month Core Inflation Rate
Sep 2025 3%
Aug 2025 3.1%
Jul 2025 3.1%
Jun 2025 3.1%
May 2025 2.8%
Apr 2025 3%
Mar 2025 3.4%
Feb 2025 3.4%
Jan 2025 2.8%
Dec 2024 2.7%
Nov 2024 3%
Oct 2024 2.7%
Sep 2024 3.1%
Aug 2024 3.2%
Jul 2024 3.3%
Jun 2024 3.4%
May 2024 4.1%
Apr 2024 4.4%
Mar 2024 4.5%
Feb 2024 4.9%
Jan 2024 5.3%
Dec 2023 5.5%
Nov 2023 5.8%
Oct 2023 6%
Sep 2023 5.7%
Aug 2023 6.3%
Jul 2023 6.4%
Jun 2023 7%
May 2023 6.7%
Apr 2023 6.3%
Mar 2023 6.2%
Feb 2023 5.9%
Jan 2023 6.4%
Dec 2022 5.8%
Nov 2022 5.7%
Oct 2022 5.9%
Sep 2022 5.3%
Aug 2022 4.7%
Jul 2022 4.5%
Jun 2022 3.6%
May 2022 3.4%
Apr 2022 2.6%
Mar 2022 2.1%
Feb 2022 2.1%
Jan 2022 1.3%
Dec 2021 1.8%
Nov 2021 1.3%
Oct 2021 0.9%
Sep 2021 1.2%
Aug 2021 1%
Jul 2021 1.1%
Jun 2021 1.4%
May 2021 1.5%
Apr 2021 2%
Mar 2021 2.7%
Feb 2021 2.7%
Jan 2021 2.7%
Dec 2020 3%
Nov 2020 2.9%
Oct 2020 3.4%
Sep 2020 3.3%
Aug 2020 3.7%
Jul 2020 3.5%
Jun 2020 3.1%
May 2020 3%
Apr 2020 2.8%
Mar 2020 2.1%
Feb 2020 2.1%
Jan 2020 2.9%
Dec 2019 1.8%
Nov 2019 2%
Oct 2019 2.2%
Sep 2019 2.2%
Aug 2019 2.1%
Jul 2019 2.2%
Jun 2019 2.3%
May 2019 2.3%
Apr 2019 2.6%
Mar 2019 2.7%
Feb 2019 2.6%
Jan 2019 2.1%
Dec 2018 2.1%
Nov 2018 2.2%
Oct 2018 1.6%
Sep 2018 1.9%
Aug 2018 1.9%
Jul 2018 1.4%
Jun 2018 1.1%
May 2018 1.2%
Apr 2018 1.3%
Mar 2018 1.2%
Feb 2018 1.4%
Jan 2018 1.1%
Dec 2017 1.4%
Nov 2017 1%
Oct 2017 1.1%
Sep 2017 1%
Aug 2017 0.9%
Jul 2017 1.2%
Jun 2017 1.6%
May 2017 1.6%
Apr 2017 1.7%
Mar 2017 1.7%
Feb 2017 1.6%
Jan 2017 2.1%
Dec 2016 2.5%
Nov 2016 2.6%
Oct 2016 3%
Sep 2016 3%
Aug 2016 3.3%
Jul 2016 3.7%
Jun 2016 3.1%
May 2016 3.2%
Apr 2016 3.2%
Mar 2016 3.4%
Feb 2016 3.4%
Jan 2016 3.1%
Dec 2015 3%
Nov 2015 3.2%
Oct 2015 3.1%
Sep 2015 3.1%
Aug 2015 2.9%
Jul 2015 2.7%
Jun 2015 3.2%
May 2015 2.5%
Apr 2015 2.2%
Mar 2015 2.2%
Feb 2015 2.4%
Jan 2015 2.4%
Dec 2014 2.4%
Nov 2014 2.4%
Oct 2014 2.5%
Sep 2014 2.4%
Aug 2014 2.3%
Jul 2014 2.6%
Jun 2014 2.4%
May 2014 2.3%
Apr 2014 2.5%
Mar 2014 2.7%
Feb 2014 2.3%
Jan 2014 2.4%
Dec 2013 2.1%
Nov 2013 2%
Oct 2013 1.8%
Sep 2013 1.7%
Aug 2013 2.4%
Jul 2013 1.8%
Jun 2013 1.4%
May 2013 1.4%
Apr 2013 1.4%
Mar 2013 0.9%
Feb 2013 1.1%
Jan 2013 1.2%
Dec 2012 1%
Nov 2012 1.3%
Oct 2012 1.2%
Sep 2012 1.1%
Aug 2012 1.2%
Jul 2012 1.3%
Jun 2012 1.2%
May 2012 1.3%
Apr 2012 0.9%
Mar 2012 1.5%
Feb 2012 1.3%
Jan 2012 1.3%
Dec 2011 1%
Nov 2011 1%
Oct 2011 1.2%
Sep 2011 1.3%
Aug 2011 0.8%
Jul 2011 1.1%
Jun 2011 0.7%
May 2011 1.1%
Apr 2011 1.3%
Mar 2011 0.9%
Feb 2011 0.8%
Jan 2011 0.7%
Dec 2010 1.1%
Nov 2010 1%
Oct 2010 1%
Sep 2010 0.9%
Aug 2010 1.3%
Jul 2010 1.3%
Jun 2010 1.3%
May 2010 1.6%
Apr 2010 1.6%
Mar 2010 1.7%
Feb 2010 1.9%
Jan 2010 2.4%
Dec 2009 2.4%
Nov 2009 2.5%
Oct 2009 2%
Sep 2009 2.4%
Aug 2009 2.4%
Jul 2009 2.5%
Jun 2009 3.3%
May 2009 2.8%
Apr 2009 2.9%
Mar 2009 2.6%
Feb 2009 3%
Jan 2009 2.8%
Dec 2008 2.7%
Nov 2008 2.7%
Oct 2008 3.4%
Sep 2008 3.1%
Aug 2008 2.7%
Jul 2008 2.9%
Jun 2008 2.5%
May 2008 2.3%
Apr 2008 2.3%
Mar 2008 2.2%
Feb 2008 2.2%
Jan 2008 1.9%
Dec 2007 1.8%
Nov 2007 1.5%
Oct 2007 1.4%
Sep 2007 1.7%
Aug 2007 1.9%
Jul 2007 1.4%
Jun 2007 1.2%
May 2007 1.3%
Apr 2007 1.3%
Mar 2007 1.5%
Feb 2007 1.1%
Jan 2007 1%
Dec 2006 0.9%
Nov 2006 0.8%
Oct 2006 0.7%
Sep 2006 0.6%
Aug 2006 0.2%
Jul 2006 0.6%
Jun 2006 0.8%
May 2006 0.8%
Apr 2006 0.8%
Mar 2006 0.8%
Feb 2006 1%
Jan 2006 0.8%
Dec 2005 1.1%
Nov 2005 1.1%
Oct 2005 1.2%
Sep 2005 1.3%
Aug 2005 1.5%
Jul 2005 1.1%
Jun 2005 1.1%
May 2005 1.1%
Apr 2005 0.8%
Mar 2005 0.7%
Feb 2005 0.8%
Jan 2005 0.7%
Dec 2004 0.8%
Nov 2004 1%
Oct 2004 0.5%
Sep 2004 0.4%
Aug 2004 0.1%
Jul 2004 0.2%
Jun 2004 0.2%
May 2004 0.1%
Apr 2004 0.2%
Mar 2004 0.4%
Feb 2004 -0.1%
Jan 2004 0.1%
Dec 2003 0.5%

Recent Events

datetime event actual previous consensus
2025-10-10 02:00 AM Core Inflation Rate YoY (Sep) 3% 3.1% 3.1%
2025-09-10 02:00 AM Core Inflation Rate YoY (Aug) 3.1% 3.1% 3.1%

Next Release Date :

Norway Core Inflation Rate : Definition
Norway's core inflation rate measures price changes excluding energy and taxes. It is calculated using the Consumer Price Index, removing volatile components. This provides a clearer view of underlying inflation trends.
Indicator Last Value Prior Value Period
Annual Inflation Rate 3.15% 5.52% 2024
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