Norge - Inflation-Rate

Norway's annual inflation rate declined to 1.6 percent in November 2019 from 1.8 percent in the previous month, matching market expectations. Prices advanced softer for: both housing & utilities prices (1.2 percent vs 1.4 percent in October) and transport (1.8 percent vs 2.3 percent), while that of food & non-alcoholic beverages fell (-0.8 percent vs 0.4 percent). Meantime, inflation was steady for miscellaneous goods & services (at 1.7 percent). On the other hand, prices increased faster for: furnishings, household equipment & routine maintenance (3.0 percent vs 2.7 percent); restaurants & hotels (2.6 percent vs 2.5 percent), and recreation & culture (2.2 percent vs 1.6 percent). The core inflation rate, which is adjusted for tax changes and excludes energy products decreased to a 13-month low of 2.0 percent in November (from 2.2 percent in October), in line with market consensus. On a monthly basis, consumer prices rose 0.3 percent and the core index edged up 0.1 percent.

Norway's annual inflation rate rose to 1.8 percent in October 2019 from 1.5 percent in the previous month, mainly boosted by a rebound in housing & utilities prices (1.4 percent vs -0.1 percent). Also, prices increased faster for: furnishings, household equipment & routine maintenance (2.7 percent vs 2.6 percent); miscellaneous goods & services (1.7 percent vs 1.3 percent); and restaurants & hotels (2.5 percent vs 1.4 percent). Meantime, prices went up softer for: food & non-alcoholic beverages (0.4 percent vs 0.8 percent); recreation & culture (1.6 percent vs 1.7 percent); and transport (2.3 percent vs 3.3 percent). The core inflation rate, which is adjusted for tax changes and excludes energy products, was unchanged at 2.2 percent in October, below market consensus of 2.3 percent. On a monthly basis, consumer prices rose 0.2 percent and the core index was flat.

Norway's annual inflation rate declined to 1.5 percent in September 2019 from 1.6 percent in the previous month and matching market expectations. That was the lowest rate since November 2017, as prices rose softer for: food & non-alcoholic beverages (0.8 percent vs 0.9 percent in August); recreation & culture (1.7 percent vs 2.3 percent); restaurants & hotels (1.4 percent vs 2.3 percent). In addition, housing & utilities prices fell by 0.1 percent, after increasing 0.3 percent. Meanwhile, prices went up faster for: transport (3.3 percent vs 3.0 percent); furnishings, household equipment & routine maintenance (2.6 percent vs 1.8 percent); and miscellaneous goods & services (1.3 percent vs 1.2 percent). The core inflation rate, which is adjusted for tax changes and excludes energy products, edged up to 2.2 percent in September, above market consensus of 2.1 percent. On a monthly basis, consumer prices rose 0.5 prices and the core index increased 0.6 percent.

Norway's annual inflation rate declined to 1.6 percent in August 2019 from 1.9 percent in the previous month and below market expectations of 1.8 percent. That was the lowest rate since January 2018, as prices rose at a softer pace for: transport (3.0 percent vs 3.4 percent in July); food & non-alcoholic beverages (0.9 percent vs 1.8 percent); recreation & culture (2.3 percent vs 2.8 percent); restaurants & hotels (2.3 percent vs 2.5 percent); furnishings, household equipment & routine maintenance (1.8 percent vs 2.1 percent); and miscellaneous goods & services (1.2 percent vs 1.4 percent). Meanwhile, housing & utilities inflation rose to 0.3 percent from 0.2 percent. The core inflation rate, which is adjusted for tax changes and excludes energy products, edged down to 2.1 percent in August, also below market consensus of 2.2 percent. On a monthly basis, consumer prices fell 0.7 prices and the core index declined 0.6 percent.

Norway's annual inflation rate stood at 1.9 percent in July 2019, the same as in the previous month and above market consensus of 1.8 percent. It remained the lowest inflation since January of 2019, as prices rose at a faster pace for: transport (3.4 percent vs 3.2 percent in June); food & non-alcoholic beverages (1.8 percent vs 1.2 percent), and miscellaneous goods & services (1.4 percent vs 1.3 percent). Meanwhile, inflation eased for: housing & utilities (0.2 percent vs 0.8 percent); recreation & culture (2.8 percent vs 3.1 percent); restaurants & hotels (2.5 percent vs 2.6 percent); and furnishings, household equipment & routine maintenance (2.1 percent vs 2.8 percent). The core inflation rate, which is adjusted for tax changes and excludes energy products, edged down to 2.2 percent in July from 2.3 percent in June, and matching market consensus. On a monthly basis, consumer prices went up 0.7 prices and the core index increased 0.6 percent.

Norway's annual inflation rate declined to 1.9 percent in June 2019, the lowest since January 2018 and below market consensus of 2.1 percent, as prices rose at a softer pace for: housing & utilities (0.8 percent vs 3.5 percent in May); recreation & culture (3.1 percent vs 4.2 percent); restaurants & hotels (2.6 percent vs 3.1 percent); and miscellaneous goods & services (1.3 percent vs 1.4 percent). Meanwhile, inflation accelerated for: transport (3.2 percent vs 2.8 percent); food & non-alcoholic beverages (1.2 percent vs 1.0 percent); furnishings, household equipment & routine maintenance (2.8 percent vs 1.8 percent). The core inflation rate, which is adjusted for tax changes and excludes energy products, was unchanged at 2.3 percent in June, matching market consensus. On a monthly basis, consumer prices edged up 0.1 prices and the core index increased 0.4 percent.