Inflation Norway 2014
Average inflation: 2.1%
Current Inflation
Inflation is normal at 2.1%, around the ECB target.
Peak and Trough
The highest inflation was in July at 2.3%. The lowest inflation was in April at 1.9%.
- Highest month
- July: 2.3%
- Lowest month
- April: 1.9%
- Difference
- 0.4 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 3.5%. The lowest price increase was in Communication with an average of -0.9%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 3.5%
- Lowest increase
- Communication: -0.9%
Historical Context
Current inflation is around the 5-year average of 1.7%.
- 5-year average
- 1.7%
- 10-year average
- 1.9%
- All-time high (2008)
- 3.8%
- All-time low (2004)
- 0.5%
Trend
Inflation shows an upward trend. Compared to 2013, inflation has risen by +0.0 percentage point.
- Change vs. previous year
- +0.0 percentage points
- Largest monthly swing
- August: -1.3 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
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 €102.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2014
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2013 |
|---|---|---|
| January | 2.2% | +0.8 |
| February | 2.1% | +1.1 |
| March | 2.0% | +0.6 |
| April | 1.9% | +0.1 |
| May | 1.9% | 0.0 |
| June | 1.9% | -0.2 |
| July | 2.3% | -0.7 |
| August | 2.0% | -1.3 |
| September | 2.2% | -0.5 |
| October | 2.1% | -0.3 |
| November | 2.0% | -0.4 |
| December | 2.1% | +0.1 |
| Average | 2.1% |
Data source
Data from OECD. Last updated: 11/01/2026.