Norway Inflation Rate — 2026 CPI Data, Trend & Outlook
Norway's inflation rate was 2.98% in July 2026, up from 2.70% the previous month. A year earlier it stood at 3.27%.
Norway's inflation rate stands at 2.98% as of July 2026. The inflation rate currently sits at 2.98% (up from 2.70% in the prior month). Across the tracked window it has ranged between 0.72% and 7.51%, and is 0.30% lower than a year ago.
The trend
Among the 193 economies tracked on this platform, Norway ranks #99 on inflation rate by latest value. It rose from 2.70% in the previous month, and compares with a year-earlier 3.27%.
What's driving it
Inflation is shaped by energy and food prices, the exchange rate, wage growth and the stance of monetary policy; central banks lift interest rates to cool it and ease when it falls back toward target.
Recent readings
| Period | Inflation rate |
|---|---|
| Jul 2026 | 2.98% |
| Jun 2026 | 2.70% |
| May 2026 | 3.10% |
| Apr 2026 | 3.42% |
| Mar 2026 | 3.64% |
| Feb 2026 | 2.71% |
| Jan 2026 | 3.57% |
| Dec 2025 | 3.19% |
Data: Source: OECD (terms permit extract/distribute, incl. commercial, with citation). Figures carry an effective date; confirm with the source before relying on them.
Frequently asked questions
What Is the Inflation Rate in Norway Right Now (2026)?
Norway's inflation rate was 2.98% in July 2026, up from 2.70% the previous month. A year earlier it stood at 3.27%.
Is the inflation rate rising or falling in Norway?
It rose in the latest reading — 2.98% in July 2026 versus 2.70% a month earlier. Year on year it is lower.
What is inflation rate?
It measures how fast consumer prices are rising, measured by the consumer price index (CPI).