Inflation Norway 2005
Average inflation: 1.5%
Current Inflation
Inflation is low at 1.5%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in September at 2.0%. The lowest inflation was in January at 1.0%.
- Highest month
- September: 2.0%
- Lowest month
- January: 1.0%
- Difference
- 1.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 4.4%. The lowest price increase was in Clothing and footwear with an average of -4.6%.
- Highest increase
- Transport: 4.4%
- Lowest increase
- Clothing and footwear: -4.6%
Historical Context
Current inflation is around the 5-year average of 1.8%.
- 5-year average
- 1.8%
- 10-year average
- 2%
- All-time high (2000)
- 3.1%
- All-time low (2004)
- 0.5%
Trend
Inflation has remained relatively stable. Compared to 2004, the difference is minimal (+1.0 percentage point).
- Change vs. previous year
- +1.0 percentage points
- Largest monthly swing
- January: +2.8 percentage points
ECB Target
Inflation is 0.5% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2005
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2004 |
|---|---|---|
| January | 1.0% | +2.8 |
| February | 1.0% | +2.8 |
| March | 1.0% | +1.6 |
| April | 1.4% | +1.2 |
| May | 1.6% | +0.6 |
| June | 1.6% | +0.4 |
| July | 1.5% | 0.0 |
| August | 1.9% | +0.9 |
| September | 2.0% | +0.9 |
| October | 1.8% | +0.4 |
| November | 1.8% | +0.6 |
| December | 1.8% | +0.7 |
| Average | 1.5% |
Data source
Data from OECD. Last updated: 11/01/2026.