Norway — Inflation
Inflation, Consumer Prices (Annual %) for Norway, 1960–2025.
Inflation for Norway was 3.04% in 2025, according to the latest World Bank data. The series covers 66 years, from 1960 to 2025. The highest recorded value was 13.64% in 1981. The lowest was 0.36% in 1960 (about 8.4× the low point). Across that span the compound annual growth rate works out to 3.33% per year.
Norway ranks 96 of 187 economies on this measure (1 = highest), putting it in the top 51%. The median for Europe & Central Asia is 3.75%, so Norway sits below it. It peaked in 1981 and has fallen 78% since. Over the last decade (2015–2025) the figure moved up 41%. Within Europe & Central Asia it ranks 31 of 49 economies; Spain (2.67%) is just below it. Its sharpest one-year move was up 498% in 1961. That is 4% below this series' own ten-year average.
Data highlights
From its 1960 level: doubled by 1961; grown tenfold by 1962. Doubling roughly every 21 years at that pace.
World ranking. Slipped: 51st of 63 in 1960 → 11th of 92 in 1970 → 76th of 106 in 1980 → 95th of 131 in 1990 → 89th of 163 in 2000 → 119th of 186 in 2010 → 104th of 178 in 2020 → 86th of 169 in 2025.
Key figures
Full history — 1960 to 2025
| Year | annual % | Change |
|---|---|---|
| 2025 | 3.04% | -0.1 pp |
| 2024 | 3.18% | -2.3 pp |
| 2023 | 5.5% | -0.3 pp |
| 2022 | 5.77% | +2.3 pp |
| 2021 | 3.47% | +2.2 pp |
| 2020 | 1.3% | -0.9 pp |
| 2019 | 2.17% | -0.6 pp |
| 2018 | 2.74% | +0.8 pp |
| 2017 | 1.91% | -1.6 pp |
| 2016 | 3.55% | +1.4 pp |
| 2015 | 2.16% | +0.1 pp |
| 2014 | 2.06% | -0.1 pp |
| 2013 | 2.13% | +1.4 pp |
| 2012 | 0.69% | -0.6 pp |
| 2011 | 1.31% | -1.1 pp |
| 2010 | 2.41% | +0.2 pp |
| 2009 | 2.17% | -1.6 pp |
| 2008 | 3.75% | +3.0 pp |
| 2007 | 0.76% | -1.5 pp |
| 2006 | 2.3% | +0.8 pp |
| 2005 | 1.52% | +1.1 pp |
| 2004 | 0.46% | -2.1 pp |
| 2003 | 2.51% | +1.2 pp |
| 2002 | 1.3% | -1.7 pp |
| 2001 | 2.98% | -0.1 pp |
| 2000 | 3.07% | +0.7 pp |
| 1999 | 2.37% | +0.1 pp |
| 1998 | 2.25% | -0.3 pp |
| 1997 | 2.57% | +1.3 pp |
| 1996 | 1.26% | -1.2 pp |
| 1995 | 2.46% | +1.1 pp |
| 1994 | 1.38% | -0.9 pp |
| 1993 | 2.29% | -0.0 pp |
| 1992 | 2.33% | -1.1 pp |
| 1991 | 3.44% | -0.7 pp |
| 1990 | 4.13% | -0.4 pp |
| 1989 | 4.55% | -2.1 pp |
| 1988 | 6.68% | -2.0 pp |
| 1987 | 8.72% | +1.5 pp |
| 1986 | 7.18% | +1.5 pp |
| 1985 | 5.71% | -0.5 pp |
| 1984 | 6.22% | -2.2 pp |
| 1983 | 8.47% | -2.9 pp |
| 1982 | 11.34% | -2.3 pp |
| 1981 | 13.64% | +2.8 pp |
| 1980 | 10.88% | +6.4 pp |
| 1979 | 4.51% | -3.7 pp |
| 1978 | 8.16% | -0.9 pp |
| 1977 | 9.1% | -0.1 pp |
| 1976 | 9.16% | -2.5 pp |
| 1975 | 11.69% | +2.3 pp |
| 1974 | 9.41% | +2.0 pp |
| 1973 | 7.42% | +0.2 pp |
| 1972 | 7.26% | +1.0 pp |
| 1971 | 6.22% | -4.4 pp |
| 1970 | 10.64% | +7.7 pp |
| 1969 | 2.96% | -0.5 pp |
| 1968 | 3.45% | -1.1 pp |
| 1967 | 4.58% | +1.3 pp |
| 1966 | 3.25% | -0.9 pp |
| 1965 | 4.19% | -1.7 pp |
| 1964 | 5.87% | +3.4 pp |
| 1963 | 2.47% | -2.8 pp |
| 1962 | 5.27% | +3.1 pp |
| 1961 | 2.16% | +1.8 pp |
| 1960 | 0.36% | — |
Frequently asked questions
What was Norway’s Inflation in 1961?
2.16% (1961). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Norway’s Inflation growing or shrinking?
Between 1960 and 2025 the series was growing overall: +743.2% in total — about 3.3% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator FP.CPI.TOTL.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 3.04%; 2024: 3.18%; 2023: 5.5%; 2022: 5.77%; 2021: 3.47%. Earlier years are in the full-history table below.
Related data
FP.CPI.TOTL.ZG — Inflation, Consumer Prices (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.