Inflation rate in Norway
Annual inflation in Norway was 3.4% in September 2026: consumer prices compared with the same month a year earlier. The month before, it was 3.3%.
Inflation by month in Norway
Monthly figures: national statistics compiled by the Bank for International Settlements (consumer prices, change on a year earlier).
Inflation by year in Norway
| Year | Inflation |
|---|---|
| 2025 | 3.0% |
| 2024 | 3.2% |
| 2023 | 5.5% |
| 2022 | 5.8% |
| 2021 | 3.5% |
| 2020 | 1.3% |
| 2019 | 2.2% |
| 2018 | 2.7% |
| 2017 | 1.9% |
| 2016 | 3.5% |
| 2015 | 2.2% |
| 2014 | 2.1% |
| 2013 | 2.1% |
| 2012 | 0.7% |
| 2011 | 1.3% |
| 2010 | 2.4% |
| 2009 | 2.2% |
| 2008 | 3.7% |
| 2007 | 0.8% |
| 2006 | 2.3% |
| 2005 | 1.5% |
| 2004 | 0.5% |
| 2003 | 2.5% |
| 2002 | 1.3% |
| 2001 | 3.0% |
Yearly figures: World Bank, inflation, consumer prices (annual %).
The real interest rate is the central bank’s policy rate minus the latest inflation rate: a plain difference, not a forecast.
Frequently asked questions
What is the inflation rate in Norway?
Annual inflation in Norway was 3.4% in September 2026 (consumer prices compared with a year earlier).
What was the inflation rate in Norway in 2025?
Inflation in Norway was 3.0% in 2025 (World Bank, consumer prices, annual average).
What was the inflation rate in Norway in 2020?
Inflation in Norway was 1.3% in 2020 (World Bank, consumer prices, annual average).
What was the inflation rate in Norway in 2015?
Inflation in Norway was 2.2% in 2015 (World Bank, consumer prices, annual average).
What is the real interest rate in Norway?
The policy rate is 4.50% and inflation 3.4%, so the real interest rate is about 1.1%.
Popular markets
Inflation in other countries
View all
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Capital is at risk.