Norway Retail Sales YoY

Norway's retail sales year-over-year registered 5% in August 2025. This was a marginal decrease from 5.1% in July 2025. Consumer spending showed continued strength, supported by an economic outlook predicting rising household purchasing power from income growth. Core consumer prices increased 3.1% year-on-year in August 2025. Norges Bank maintained its policy rate at 4.25% in August 2025, keeping a restrictive monetary policy. Further rate reductions are anticipated later in the year as inflation moves towards the 2% target. Consumer confidence improved in the third quarter of 2025, showing increased optimism. Norway's record low retail sales yoy was -10.4% in July 2022 and record high was 14.6% in June 2020.