Inflation Norway 2011
Average inflation: 1.3%
Current Inflation
Inflation is low at 1.3%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in January at 2.0%. The lowest inflation was in December at 0.1%.
- Highest month
- January: 2.0%
- Lowest month
- December: 0.1%
- Difference
- 1.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 6.4%. The lowest price increase was in Clothing and footwear with an average of -2.9%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 6.4%
- Lowest increase
- Clothing and footwear: -2.9%
Historical Context
Current inflation is 0.8% lower than the 5-year average of 2.1%.
- 5-year average
- 2.1%
- 10-year average
- 1.9%
- All-time high (2008)
- 3.8%
- All-time low (2004)
- 0.5%
Trend
Inflation has remained relatively stable. Compared to 2010, the difference is minimal (-1.1 percentage point).
- Change vs. previous year
- -1.1 percentage points
- Largest monthly swing
- December: -2.7 percentage points
ECB Target
Inflation is 0.7% 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 €101.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2011
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2010 |
|---|---|---|
| January | 2.0% | -0.5 |
| February | 1.2% | -1.7 |
| March | 1.0% | -2.5 |
| April | 1.3% | -2.0 |
| May | 1.6% | -1.0 |
| June | 1.4% | -0.5 |
| July | 1.6% | -0.3 |
| August | 1.3% | -0.6 |
| September | 1.5% | -0.3 |
| October | 1.3% | -0.8 |
| November | 1.1% | -0.9 |
| December | 0.1% | -2.7 |
| Average | 1.3% |
Data source
Data from OECD. Last updated: 11/01/2026.