Europe & Central Asia
Norway Inflation
Annual percentage change in consumer prices (CPI).
Latest Value
3.1%
As of 2024
YoY Change
-43.0%
2023 → 2024
Record High
13.6%
Recorded in 1981
Record Low
0.4%
Recorded in 1960
10-Year Average
3.2%
2015–2024
Data Range
1960–2024
65 data points
Source
World Bank
Code: FP.CPI.TOTL.ZG
Historical Trend
1960 – 2024
Analysis
Norway's inflation rate of 3.15% in 2024 indicates a moderate level of price growth. This rate is relatively stable and suggests that the country's economy is experiencing a balance between growth and price stability. The inflation rate is within the range of many developed economies, indicating a healthy economic performance.
Historical Data
| Value | YoY Change | Change % | |
|---|---|---|---|
| 2024 | 3.1% | 2.4% | -43.0% |
| 2023 | 5.5% | 0.2% | -4.3% |
| 2022 | 5.8% | 2.3% | +65.5% |
| 2021 | 3.5% | 2.2% | +170.8% |
| 2020 | 1.3% | 0.9% | -40.6% |
| 2019 | 2.2% | 0.6% | -21.6% |
| 2018 | 2.8% | 0.9% | +47.4% |
| 2017 | 1.9% | 1.7% | -47.2% |
| 2016 | 3.6% | 1.4% | +63.5% |
| 2015 | 2.2% | 0.1% | +6.3% |
Source: World Bank Open Data · 1960–2024
Neighbouring Countries Ranking
Europe & Central Asia · Inflation
Similar Rankings
Global · Inflation
