Inflation Norway 2012
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 1.4%. The lowest inflation was in July at 0.2%.
- Highest month
- December: 1.4%
- Lowest month
- July: 0.2%
- Difference
- 1.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 5.3%. The lowest price increase was in Communication with an average of -5.9%.
- Highest increase
- Education: 5.3%
- Lowest increase
- Communication: -5.9%
Historical Context
Current inflation is 1.4% lower than the 5-year average of 2.1%.
- 5-year average
- 2.1%
- 10-year average
- 1.8%
- All-time high (2008)
- 3.8%
- All-time low (2004)
- 0.5%
Trend
Inflation shows a downward trend. Compared to 2011, inflation has fallen by +0.6 percentage point.
- Change vs. previous year
- -0.6 percentage points
- Largest monthly swing
- January: -1.5 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 2012
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2011 |
|---|---|---|
| January | 0.5% | -1.5 |
| February | 1.2% | 0.0 |
| March | 0.7% | -0.3 |
| April | 0.3% | -1.0 |
| May | 0.5% | -1.1 |
| June | 0.3% | -1.1 |
| July | 0.2% | -1.4 |
| August | 0.3% | -1.0 |
| September | 0.5% | -1.0 |
| October | 1.1% | -0.2 |
| November | 1.2% | +0.1 |
| December | 1.4% | +1.3 |
| Average | 0.7% |
Data source
Data from OECD. Last updated: 13/01/2026.