Inflation, consumer prices in Norway
Norway: Inflation, consumer prices was 3.15 in 2024. ◆ Volatile
Latest (2024)
3.15
Change on year
down 43.0%
World rank
29th
of 70 countries
All-time high
13.64
in 1981
All-time low
0.3605
in 1960
Years of data
65
1960–2024
Inflation, consumer prices in Norway, 1960–2024
Source: UNICEF.
Analysis
The most recent figure for inflation, consumer prices in Norway is 3.15, measured in 2024.
That represents a change of down 43.0% on the previous year and up 54.1% over ten years.
Over the whole period, inflation, consumer prices in Norway peaked at 13.64 in 1981 and was at its lowest, 0.3605, in 1960.
Norway ranks 29th of 70 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, consumer prices in Norway, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 0.3605 | — |
| 1961 | 2.16 | +497.8% |
| 1962 | 5.27 | +144.7% |
| 1963 | 2.47 | -53.1% |
| 1964 | 5.87 | +137.4% |
| 1965 | 4.19 | -28.6% |
| 1966 | 3.25 | -22.4% |
| 1967 | 4.58 | +40.9% |
| 1968 | 3.45 | -24.7% |
| 1969 | 2.96 | -14.1% |
| 1970 | 10.64 | +259.0% |
| 1971 | 6.22 | -41.5% |
| 1972 | 7.26 | +16.6% |
| 1973 | 7.42 | +2.2% |
| 1974 | 9.41 | +26.9% |
| 1975 | 11.69 | +24.2% |
| 1976 | 9.16 | -21.6% |
| 1977 | 9.1 | -0.6% |
| 1978 | 8.16 | -10.3% |
| 1979 | 4.51 | -44.7% |
| 1980 | 10.88 | +141.2% |
| 1981 | 13.64 | +25.4% |
| 1982 | 11.34 | -16.9% |
| 1983 | 8.47 | -25.4% |
| 1984 | 6.22 | -26.5% |
| 1985 | 5.71 | -8.1% |
| 1986 | 7.18 | +25.6% |
| 1987 | 8.72 | +21.5% |
| 1988 | 6.68 | -23.4% |
| 1989 | 4.55 | -31.9% |
| 1990 | 4.13 | -9.1% |
| 1991 | 3.44 | -16.8% |
| 1992 | 2.33 | -32.3% |
| 1993 | 2.29 | -1.7% |
| 1994 | 1.38 | -39.9% |
| 1995 | 2.46 | +78.8% |
| 1996 | 1.26 | -48.7% |
| 1997 | 2.57 | +103.3% |
| 1998 | 2.25 | -12.3% |
| 1999 | 2.37 | +5.0% |
| 2000 | 3.09 | +30.4% |
| 2001 | 3 | -2.6% |
| 2002 | 1.29 | -57.2% |
| 2003 | 2.49 | +93.3% |
| 2004 | 0.4545 | -81.7% |
| 2005 | 1.53 | +237.1% |
| 2006 | 2.33 | +52.0% |
| 2007 | 0.7126 | -69.4% |
| 2008 | 3.75 | +426.8% |
| 2009 | 2.2 | -41.5% |
| 2010 | 2.42 | +10.1% |
| 2011 | 1.28 | -46.9% |
| 2012 | 0.6969 | -45.8% |
| 2013 | 2.12 | +204.3% |
| 2014 | 2.04 | -3.7% |
| 2015 | 2.17 | +6.3% |
| 2016 | 3.55 | +63.5% |
| 2017 | 1.88 | -47.2% |
| 2018 | 2.76 | +47.4% |
| 2019 | 2.17 | -21.6% |
| 2020 | 1.29 | -40.6% |
| 2021 | 3.48 | +170.8% |
| 2022 | 5.76 | +65.5% |
| 2023 | 5.52 | -4.3% |
| 2024 | 3.15 | -43.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.46 | 0.3605 | 5.87 | 10 |
| 1970s | 8.36 | 4.51 | 11.69 | 10 |
| 1980s | 8.34 | 4.55 | 13.64 | 10 |
| 1990s | 2.45 | 1.26 | 4.13 | 10 |
| 2000s | 2.08 | 0.4545 | 3.75 | 10 |
| 2010s | 2.11 | 0.6969 | 3.55 | 10 |
| 2020s | 3.84 | 1.29 | 5.76 | 5 |
Countries ranked near Norway
- 26 Netherlands 3.35 compare
- 27 Montenegro 3.34 compare
- 28 United Kingdom of Great Britain and Northern Ireland 3.27 compare
- 30 Belgium 3.14 compare
- 31 Croatia 2.97 compare
- 32 Austria 2.94 compare
More economy & growth data for Norway
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.7416 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.42 Percent per annum (2029)
- Net primary income (Net income from abroad) (current LCU), annual 63.58 % change on previous year (2022)
- Taxes less subsidies on products (current US$), annual growth rate 6.46 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0885 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 8,374 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 2.99 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.9203 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 87,058 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0724 (2025)
Frequently asked questions
- What is inflation, consumer prices in Norway?
- Inflation, consumer prices in Norway was 3.15 in 2024, according to UNICEF.
- What is the highest inflation, consumer prices recorded in Norway?
- The highest recorded value was 13.64 in 1981.
- What is the lowest inflation, consumer prices recorded in Norway?
- The lowest recorded value was 0.3605 in 1960.
- How does Norway rank for inflation, consumer prices?
- Norway ranks 29th out of 70 countries with data for 2024.
- Is inflation, consumer prices rising or falling in Norway?
- Over the last ten years it is up 54.1%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from UNICEF, published as part of Inflation, consumer prices (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under UNICEF Terms of Use (attribution required).