Norway Inflation Rate 1960-2023
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
- Norway inflation rate for 2021 was 3.48%, a 2.2% increase from 2020.
- Norway inflation rate for 2020 was 1.29%, a 0.88% decline from 2019.
- Norway inflation rate for 2019 was 2.17%, a 0.6% decline from 2018.
- Norway inflation rate for 2018 was 2.76%, a 0.89% increase from 2017.
| Norway Inflation Rate - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2021 |
3.48% |
2.20% |
| 2020 |
1.29% |
-0.88% |
| 2019 |
2.17% |
-0.60% |
| 2018 |
2.76% |
0.89% |
| 2017 |
1.88% |
-1.67% |
| 2016 |
3.55% |
1.38% |
| 2015 |
2.17% |
0.13% |
| 2014 |
2.04% |
-0.08% |
| 2013 |
2.12% |
1.42% |
| 2012 |
0.70% |
-0.59% |
| 2011 |
1.29% |
-1.13% |
| 2010 |
2.42% |
0.22% |
| 2009 |
2.20% |
-1.56% |
| 2008 |
3.75% |
3.04% |
| 2007 |
0.71% |
-1.62% |
| 2006 |
2.33% |
0.80% |
| 2005 |
1.53% |
1.08% |
| 2004 |
0.45% |
-2.03% |
| 2003 |
2.49% |
1.20% |
| 2002 |
1.29% |
-1.72% |
| 2001 |
3.00% |
-0.08% |
| 2000 |
3.09% |
0.72% |
| 1999 |
2.37% |
0.11% |
| 1998 |
2.25% |
-0.31% |
| 1997 |
2.57% |
1.30% |
| 1996 |
1.26% |
-1.20% |
| 1995 |
2.46% |
1.08% |
| 1994 |
1.38% |
-0.91% |
| 1993 |
2.29% |
-0.04% |
| 1992 |
2.33% |
-1.11% |
| 1991 |
3.44% |
-0.69% |
| 1990 |
4.13% |
-0.42% |
| 1989 |
4.55% |
-2.13% |
| 1988 |
6.68% |
-2.04% |
| 1987 |
8.72% |
1.54% |
| 1986 |
7.18% |
1.46% |
| 1985 |
5.71% |
-0.50% |
| 1984 |
6.22% |
-2.25% |
| 1983 |
8.47% |
-2.88% |
| 1982 |
11.34% |
-2.30% |
| 1981 |
13.64% |
2.76% |
| 1980 |
10.88% |
6.37% |
| 1979 |
4.51% |
-3.65% |
| 1978 |
8.16% |
-0.94% |
| 1977 |
9.10% |
-0.06% |
| 1976 |
9.16% |
-2.53% |
| 1975 |
11.69% |
2.28% |
| 1974 |
9.41% |
1.99% |
| 1973 |
7.42% |
0.16% |
| 1972 |
7.26% |
1.03% |
| 1971 |
6.22% |
-4.41% |
| 1970 |
10.64% |
7.67% |
| 1969 |
2.96% |
-0.49% |
| 1968 |
3.45% |
-1.13% |
| 1967 |
4.58% |
1.33% |
| 1966 |
3.25% |
-0.94% |
| 1965 |
4.19% |
-1.68% |
| 1964 |
5.87% |
3.40% |
| 1963 |
2.47% |
-2.80% |
| 1962 |
5.27% |
3.12% |
| 1961 |
2.16% |
1.79% |
| 1960 |
0.36% |
1.79% |
