Inflation Norway 2017
Average inflation: 1.9%
Current Inflation
Inflation is low at 1.9%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in January at 2.8%. The lowest inflation was in November at 1.1%.
- Highest month
- January: 2.8%
- Lowest month
- November: 1.1%
- Difference
- 1.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 5.0%. The lowest price increase was in Furnishings, household equipment and maintenance with an average of -1.3%.
- Highest increase
- Education: 5.0%
- Lowest increase
- Furnishings, household equipment and maintenance: -1.3%
Historical Context
Current inflation is around the 5-year average of 2.4%.
- 5-year average
- 2.4%
- 10-year average
- 2.2%
- All-time high (2008)
- 3.8%
- All-time low (2004)
- 0.5%
Trend
Inflation has remained relatively stable. Compared to 2016, the difference is minimal (-1.7 percentage point).
- Change vs. previous year
- -1.7 percentage points
- Largest monthly swing
- July: -2.9 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
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 €101.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2017
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2016 |
|---|---|---|
| January | 2.8% | -0.1 |
| February | 2.5% | -0.7 |
| March | 2.4% | -0.9 |
| April | 2.2% | -1.1 |
| May | 2.1% | -1.3 |
| June | 1.9% | -1.8 |
| July | 1.5% | -2.9 |
| August | 1.3% | -2.7 |
| September | 1.6% | -2.0 |
| October | 1.2% | -2.5 |
| November | 1.1% | -2.5 |
| December | 1.6% | -1.9 |
| Average | 1.9% |
Data source
Data from OECD. Last updated: 11/01/2026.