Norway: Inflation, annual
* indicates monthly or quarterly data series
The most recent value is 2.28 percent as of August 2024, a decline compared to the previous value of 2.4 percent. Historically, the average for Norway from January 1997 to August 2024 is 2.4 percent. The minimum of -1.46 percent was recorded in January 2004, while the maximum of 8.45 percent was reached in October 2022.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Eurostat
| Recent values | Norway: Inflation, annual percent change in the CPI |
|---|---|
| 2024 Aug | 2.28 |
| 2024 Jul | 2.4 |
| 2024 Jun | 2.26 |
| 2024 May | 2.66 |
| 2024 Apr | 3.35 |
| 2024 Mar | 3.62 |
| 2024 Feb | 4.44 |
| 2024 Jan | 4.61 |
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Definition: Percent change in the CPI from the same month last year.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 5.5 | 2023 | percent |
| Exchange rate regimes | 7 | 2021 | index points |
| USD exchange rate | 10.6131 | 9/2024 | Local Currency Units per USD |
| Money supply (broad money) | 3,229.35 | 6/2024 | billion |
| Consumer Price Index (CPI) | 134.8000 | 8/2024 | index points |
| Inflation, monthly | -1.10 | 8/2024 | percent |
| Inflation, annual | 2.28 | 8/2024 | percent |
| Private sector credit | 5,560.45 | 6/2024 | billion |
| Business credit | 1,733.89 | 6/2024 | billion |
| Household credit | 3,826.55 | 6/2024 | billion |
| Mortgage credit | 2,890.43 | 6/2024 | billion |
| Consumer credit | 936.12 | 6/2024 | billion |
| Deposit interest rate | 4.84 | 6/2024 | percent |
| Business credit interest rate | 6.88 | 6/2024 | percent |
| Mortgage credit interest rate | 5.72 | 6/2024 | percent |
| Policy rate | 4.50 | 7/2024 | percent |
| Household debt to GDP | 86.40 | 12/2023 | percent |
| Debt service ratios for private non-financial sector | 34.90 | Q4/2023 | percent |