Inflation Rate (CPI): Norway
Norway's inflation rate (cpi) is currently 2.4% as of 2026. # Norway Inflation Rate (CPI) Norway's inflation rate stood at 2.
Current (2026)
2.4%
+0.0% y/y
Peak (1981)
13.6%
Low (2004)
0.5%
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Inflation Rate (CPI) — Norway
1980 — 2026
Inflation Rate (CPI) — Norway
Analysis# Norway Inflation Rate (CPI)
Norway's inflation rate stood at 2.4% in 2026, comfortably within the central bank's target range. This represents a dramatic decline from the all-time peak of 13.6% in 1981, reflecting decades of monetary stability and economic management. Since 1980, inflation has fallen 78 percentage points overall, with the lowest recorded rate of 0.5% occurring in 2004.
The past decade reveals two distinct phases. A period of subdued inflation from 2017 to 2020 (ranging 1.3–2.2%) gave way to a sharp spike in 2021–2023, when rates climbed to 5.8%, driven by global supply chain disruptions and energy price shocks. Recovery began in 2024 at 3.1%, followed by stabilization at 2.4% through 2025–2026. Current projections suggest inflation will remain anchored near this moderate level going forward.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 2.0% | +0.00% |
| 2029 | 2.0% | +0.00% |
| 2028 | 2.0% | +0.00% |
| 2027 | 2.0% | -16.67% |
| 2026 | 2.4% | +0.00% |
| 2025 | 2.4% | -22.58% |
| 2024 | 3.1% | -43.64% |
| 2023 | 5.5% | -5.17% |
| 2022 | 5.8% | +65.71% |
| 2021 | 3.5% | +169.23% |
| 2020 | 1.3% | -40.91% |
| 2019 | 2.2% | -21.43% |
| 2018 | 2.8% | +47.37% |
| 2017 | 1.9% | -47.22% |
| 2016 | 3.6% | +63.64% |
| 2015 | 2.2% | +10.00% |
| 2014 | 2.0% | -4.76% |
| 2013 | 2.1% | +200.00% |
| 2012 | 0.7% | -46.15% |
| 2011 | 1.3% | -45.83% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 2.4% | +9.09% |
| 2009 | 2.2% | -42.11% |
| 2008 | 3.8% | +442.86% |
| 2007 | 0.7% | -69.57% |
| 2006 | 2.3% | +53.33% |
| 2005 | 1.5% | +200.00% |
| 2004 | 0.5% | -80.00% |
| 2003 | 2.5% | +92.31% |
| 2002 | 1.3% | -56.67% |
| 2001 | 3.0% | -3.23% |
| 2000 | 3.1% | +29.17% |
| 1999 | 2.4% | +4.35% |
| 1998 | 2.3% | -11.54% |
| 1997 | 2.6% | +100.00% |
| 1996 | 1.3% | -48.00% |
| 1995 | 2.5% | +78.57% |
| 1994 | 1.4% | -39.13% |
| 1993 | 2.3% | +0.00% |
| 1992 | 2.3% | -32.35% |
| 1991 | 3.4% | -17.07% |
| 1990 | 4.1% | -8.89% |
| 1989 | 4.5% | -32.84% |
| 1988 | 6.7% | -22.99% |
| 1987 | 8.7% | +20.83% |
| 1986 | 7.2% | +26.32% |
| 1985 | 5.7% | -8.06% |
| 1984 | 6.2% | -27.06% |
| 1983 | 8.5% | -24.78% |
| 1982 | 11.3% | -16.91% |
| 1981 | 13.6% | +24.77% |
| 1980 | 10.9% | — |
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