Norway - Inflation, consumer prices (annual %) 1960 - 2022
Norway's inflation, consumer prices (annual %) is currently 5.76%, according to the most recent World Bank data for the country (2022).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Norway's inflation, consumer prices (annual %) for 2022 was 5.764%, a 65.45% increase from 2021, with a +2 difference.
- In 2021 it was 3.484%, a 170.79% increase from 2020, with a +2 difference.
- In 2020 it was 1.287%, a -40.65% increase from 2019.
- In 2019 it was 2.168%, a -21.60% increase from 2018.
- In 2018 it was 2.765%, a 47.45% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Norway is currently 4.4198% (average of years with recorded data) with a lowest recorded value of 0.3605% in 1960 and a highest value of 13.643% in 1981.
Norway's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1960 | 0.36% | |
| 1961 | 2.155% | 497.84% |
| 1962 | 5.274% | 144.73% |
| 1963 | 2.472% | -53.14% |
| 1964 | 5.867% | 137.38% |
| 1965 | 4.187% | -28.63% |
| 1966 | 3.251% | -22.37% |
| 1967 | 4.579% | 40.88% |
| 1968 | 3.448% | -24.70% |
| 1969 | 2.963% | -14.07% |
| 1970 | 10.637% | 259.01% |
| 1971 | 6.224% | -41.49% |
| 1972 | 7.258% | 16.62% |
| 1973 | 7.419% | 2.22% |
| 1974 | 9.412% | 26.85% |
| 1975 | 11.689% | 24.20% |
| 1976 | 9.161% | -21.62% |
| 1977 | 9.104% | -0.63% |
| 1978 | 8.162% | -10.35% |
| 1979 | 4.51% | -44.75% |
| 1980 | 10.879% | 141.23% |
| 1981 | 13.643% | 25.41% |
| 1982 | 11.341% | -16.87% |
| 1983 | 8.465% | -25.36% |
| 1984 | 6.218% | -26.54% |
| 1985 | 5.715% | -8.10% |
| 1986 | 7.176% | 25.58% |
| 1987 | 8.717% | 21.47% |
| 1988 | 6.676% | -23.41% |
| 1989 | 4.546% | -31.91% |
| 1990 | 4.131% | -9.13% |
| 1991 | 3.438% | -16.77% |
| 1992 | 2.328% | -32.29% |
| 1993 | 2.288% | -1.71% |
| 1994 | 1.376% | -39.88% |
| 1995 | 2.46% | 78.85% |
| 1996 | 1.263% | -48.69% |
| 1997 | 2.567% | 103.32% |
| 1998 | 2.252% | -12.25% |
| 1999 | 2.366% | 5.04% |
| 2000 | 3.086% | 30.41% |
| 2001 | 3.004% | -2.64% |
| 2002 | 1.287% | -57.17% |
| 2003 | 2.488% | 93.35% |
| 2004 | 0.454% | -81.73% |
| 2005 | 1.532% | 237.10% |
| 2006 | 2.329% | 52.03% |
| 2007 | 0.713% | -69.41% |
| 2008 | 3.754% | 426.80% |
| 2009 | 2.197% | -41.46% |
| 2010 | 2.419% | 10.08% |
| 2011 | 1.285% | -46.88% |
| 2012 | 0.697% | -45.77% |
| 2013 | 2.12% | 204.29% |
| 2014 | 2.042% | -3.72% |
| 2015 | 2.171% | 6.34% |
| 2016 | 3.55% | 63.51% |
| 2017 | 1.875% | -47.18% |
| 2018 | 2.765% | 47.45% |
| 2019 | 2.168% | -21.60% |
| 2020 | 1.287% | -40.65% |
| 2021 | 3.484% | 170.79% |
| 2022 | 5.764% | 65.45% |
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Comparison with Countries in the Europe & Central Asia Region.
Among countries in the same World Bank Europe & Central Asia (ECA) region, Norway comes in 46th with 5.764% inflation, consumer prices (annual %).
- Within the same region, United Kingdom comes in 36th with 7.922%, inflation, consumer prices (annual %).
- Portugal comes in 37th with 7.833%.
- Ireland comes in 38th with 7.807%.
- Denmark comes in 39th with 7.697%.
- Finland comes in 40th with 7.124%.
- Germany comes in 41st with 6.873%.
- Albania comes in 42nd with 6.725%.
- Russian Federation comes in 43rd with 6.694%.
- Luxembourg comes in 44th with 6.336%.
- Tajikistan comes in 45th with 6.005%.
- France comes in 47th with 5.222%.
- Switzerland comes in 48th with 2.835%.
- And San Marino comes in 49th with 1.046%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the Europe & Central Asia Region.
Top 10 Countries in the Europe & Central Asia Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Turkiye | 72.31% | 2022 |
| 2 | Moldova | 28.74% | 2022 |
| 3 | Ukraine | 20.18% | 2022 |
| 4 | Lithuania | 19.70% | 2022 |
| 5 | Estonia | 19.40% | 2022 |
| 6 | Latvia | 17.31% | 2022 |
| 7 | Bulgaria | 15.33% | 2022 |
| 8 | Belarus | 15.21% | 2022 |
| 9 | Czechia | 15.10% | 2022 |
| 10 | Hungary | 14.61% | 2022 |
Comparison with Countries in the High income Group.
Among countries in the same World Bank High income (HI) group, Norway comes in 37th with 5.764% inflation, consumer prices (annual %).
- Within the same income group, Denmark comes in 27th with 7.697%, inflation, consumer prices (annual %).
- Antigua and Barbuda comes in 28th with 7.531%.
- New Zealand comes in 29th with 7.172%.
- Finland comes in 30th with 7.124%.
- Germany comes in 31st with 6.873%.
- Canada comes in 32nd with 6.803%.
- Australia comes in 33rd with 6.594%.
- Luxembourg comes in 34th with 6.336%.
- Malta comes in 35th with 6.154%.
- Singapore comes in 36th with 6.121%.
- Bahamas, The comes in 38th with 5.605%.
- France comes in 39th with 5.222%.
- Korea, Rep. comes in 40th with 5.088%.
- Guyana comes in 41st with 5.033%.
- Qatar comes in 42nd with 4.995%.
- United Arab Emirates comes in 43rd with 4.828%.
- Israel comes in 44th with 4.394%.
- Aruba comes in 45th with 4.257%.
- Barbados comes in 46th with 4.1%.
- And Brunei Darussalam comes in 47th with 3.682%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the High income Group.
Top 14 Countries in the High income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lithuania | 19.705% | 2022 |
| 2 | Estonia | 19.398% | 2022 |
| 3 | Latvia | 17.310% | 2022 |
| 4 | Czechia | 15.100% | 2022 |
| 5 | Hungary | 14.608% | 2022 |
| 6 | Poland | 14.430% | 2022 |
| 7 | Romania | 13.796% | 2022 |
| 8 | Slovak Republic | 12.774% | 2022 |
| 9 | Chile | 11.644% | 2022 |
| 10 | Croatia | 10.781% | 2022 |
| 11 | Netherlands | 10.001% | 2022 |
| 12 | Greece | 9.645% | 2022 |
| 13 | Belgium | 9.598% | 2022 |
| 14 | Uruguay | 9.104% | 2022 |