Norway — Inflation
Inflation, Consumer Prices (Annual %) for Norway, 1960–2025.
Latest value · 2025
3.06%
Inflation, Consumer Prices (Annual %) · annual % · +747.6% since 1960
Inflation for Norway was 3.06% 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 8.5× the low point). Across that span the compound annual growth rate works out to 3.34% per year.
Norway ranks 94 of 187 economies on this measure (1 = highest), putting it in the top 50%. The median for Europe & Central Asia is 3.79%, 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%.
Key figures
Latest (2025)
3.06%
First (1960)
0.36%
Change
+747.6%
Highest
13.64%
in 1981
Lowest
0.36%
in 1960
Average
4.40%
Annual growth (CAGR)
3.34%
Years of data
66
Recent years
| Year | annual % |
|---|---|
| 2025 | 3.06% |
| 2024 | 3.15% |
| 2023 | 5.52% |
| 2022 | 5.76% |
| 2021 | 3.48% |
| 2020 | 1.29% |
| 2019 | 2.17% |
| 2018 | 2.76% |
| 2017 | 1.88% |
| 2016 | 3.55% |
| 2015 | 2.17% |
| 2014 | 2.04% |
Reading this correctly. Annual percentage change in the cost to the average consumer of acquiring a basket of goods and services. A negative value means deflation. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
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.