Inflation Norway 2007
Average inflation: 0.7%
Current Inflation
Inflation is very low at 0.7%, well below the ECB target.
Peak and Trough
The highest inflation was in December at 2.8%. The lowest inflation was in September at -0.4%.
- Highest month
- December: 2.8%
- Lowest month
- September: -0.4%
- Difference
- 3.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Restaurants and hotels with an average of 4.3%. The lowest price increase was in Clothing and footwear with an average of -5.2%.
- Highest increase
- Restaurants and hotels: 4.3%
- Lowest increase
- Clothing and footwear: -5.2%
Historical Context
Current inflation is 0.8% lower than the 5-year average of 1.5%.
- 5-year average
- 1.5%
- 10-year average
- 1.9%
- All-time high (2000)
- 3.1%
- All-time low (2004)
- 0.5%
Trend
Inflation has remained relatively stable. Compared to 2006, the difference is minimal (-1.6 percentage point).
- Change vs. previous year
- -1.6 percentage points
- Largest monthly swing
- September: -3.1 percentage points
ECB Target
Inflation is 1.3% 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 €100.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2007
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2006 |
|---|---|---|
| January | 1.2% | -0.6 |
| February | 0.7% | -1.9 |
| March | 1.1% | -1.2 |
| April | 0.2% | -2.5 |
| May | 0.4% | -1.9 |
| June | 0.4% | -1.8 |
| July | 0.5% | -1.6 |
| August | 0.4% | -1.5 |
| September | -0.4% | -3.1 |
| October | -0.2% | -2.9 |
| November | 1.5% | -1.0 |
| December | 2.8% | +0.6 |
| Average | 0.7% |
Data source
Data from OECD. Last updated: 11/01/2026.