Norway Inflation Rate
Jul 2026 · Monthly
Norway's consumer price inflation rose to 3.29% in August 2026, from 2.98% in July, according to the International Monetary Fund. The latest reading marks the second consecutive monthly increase, following a decline in June. Year-over-year inflation remains below the 3.51% recorded in August 2025. The all-time high for the series was 15.24% in January 1981, while the all-time low was -1.85% in January 2004. Producer prices rose 22.70% year-on-year in April 2026, the most recent available period for that series.
source: International Monetary Fund
Norway's annual inflation rate rose to 2.92% in July 2026 from 2.74% in June 2026. The latest reading is below the 3.62% peak reached in March 2026 and far below the all-time high of 15.24% recorded in January 1981. The series extends back to January 1956.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 2.9% | 2.7% | 15.2%Jan 1981 | -1.8%Jan 2004 | 1956 – 2026 | Monthly |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Producer Price Inflation | 22.7% | 16.9% | 79.3% | -37.4% | Apr 2026 | Monthly |
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About this series
Inflation Rate in Norway averaged 2.5% from 1990 until 2026, reaching an all-time high of 15.2% in Jan 1981 and a record low of -1.8% in Jan 2004. The series is reported monthly with history from 1956.
The inflation rate measures the year-over-year percentage change in Norway's consumer price index. It is expressed in percent and reported monthly. The rate is calculated as the percentage change in the price level relative to the same month a year earlier. The series spans from January 1956 to July 2026.
Source & methodology
International Monetary Fund · IMF. Data is also available free of charge from the IMF
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