Inflation Norway 2014
Average inflation: 2.1%
Inflation in 2014
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
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
Over the period 2012-2014, inflation shows an upward trend. Compared to 2013, inflation has remained unchanged.
- 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 NOK 100 this year will cost approximately NOK 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: 13/01/2026.