Inflation Norway 2018
Average inflation: 2.8%
Current Inflation
Inflation is normal at 2.8%, around the ECB target.
Peak and Trough
The highest inflation was in November at 3.5%. The lowest inflation was in January at 1.6%.
- Highest month
- November: 3.5%
- Lowest month
- January: 1.6%
- Difference
- 1.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 6.2%. The lowest price increase was in Clothing and footwear with an average of -3.3%.
- Highest increase
- Education: 6.2%
- Lowest increase
- Clothing and footwear: -3.3%
Historical Context
Current inflation is around the 5-year average of 2.5%.
- 5-year average
- 2.5%
- 10-year average
- 2.1%
- All-time high (2008)
- 3.8%
- All-time low (2004)
- 0.5%
Trend
Inflation has remained relatively stable. Compared to 2017, the difference is minimal (+0.9 percentage point).
- Change vs. previous year
- +0.9 percentage points
- Largest monthly swing
- November: +2.4 percentage points
ECB Target
Inflation is 0.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
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 €102.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | 1.6% | -1.2 |
| February | 2.2% | -0.3 |
| March | 2.2% | -0.2 |
| April | 2.4% | +0.2 |
| May | 2.3% | +0.2 |
| June | 2.6% | +0.7 |
| July | 3.0% | +1.5 |
| August | 3.4% | +2.1 |
| September | 3.4% | +1.8 |
| October | 3.1% | +1.9 |
| November | 3.5% | +2.4 |
| December | 3.5% | +1.9 |
| Average | 2.8% |
Data source
Data from OECD. Last updated: 11/01/2026.