Inflation Norway 2001
Average inflation: 3.0%
Current Inflation
Inflation is high at 3.0%, well above the ECB target.
Peak and Trough
The highest inflation was in May at 4.3%. The lowest inflation was in November at 1.7%.
- Highest month
- May: 4.3%
- Lowest month
- November: 1.7%
- Difference
- 2.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Housing, water, electricity, gas and other fuels with an average of 7.4%. The lowest price increase was in Communication with an average of -3.3%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 7.4%
- Lowest increase
- Communication: -3.3%
Historical Context
Current inflation is around the 5-year average of 3.0%. This approaches the highest level since records began (3.1% in 2000).
- 5-year average
- 3%
- 10-year average
- 3%
- All-time high (2000)
- 3.1%
- All-time low (2001)
- 3%
Trend
Inflation has remained relatively stable. Compared to 2000, the difference is minimal (-0.1 percentage point).
- Change vs. previous year
- -0.1 percentage points
- Largest monthly swing
- November: -1.5 percentage points
ECB Target
Inflation is 1.0% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2001
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2000 |
|---|---|---|
| January | 3.2% | +0.3 |
| February | 3.6% | +0.4 |
| March | 3.7% | +1.1 |
| April | 3.9% | +1.3 |
| May | 4.3% | +1.4 |
| June | 3.7% | +0.4 |
| July | 2.8% | -0.4 |
| August | 2.7% | -0.9 |
| September | 2.2% | -1.3 |
| October | 2.2% | -0.9 |
| November | 1.7% | -1.5 |
| December | 2.1% | -0.9 |
| Average | 3.0% |
Data source
Data from OECD. Last updated: 11/01/2026.