Inflation Norway 2019
Average inflation: 2.2%
Current Inflation
Inflation is normal at 2.2%, around the ECB target.
Peak and Trough
The highest inflation was in January at 3.1%. The lowest inflation was in December at 1.4%.
- Highest month
- January: 3.1%
- Lowest month
- December: 1.4%
- Difference
- 1.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 4.4%. The lowest price increase was in Clothing and footwear with an average of 1.1%.
- Highest increase
- Education: 4.4%
- Lowest increase
- Clothing and footwear: 1.1%
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 2018, the difference is minimal (-0.6 percentage point).
- Change vs. previous year
- -0.6 percentage points
- Largest monthly swing
- December: -2.1 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 €102.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2019
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2018 |
|---|---|---|
| January | 3.1% | +1.5 |
| February | 3.0% | +0.8 |
| March | 2.9% | +0.7 |
| April | 2.9% | +0.5 |
| May | 2.5% | +0.2 |
| June | 1.9% | -0.7 |
| July | 1.9% | -1.1 |
| August | 1.6% | -1.8 |
| September | 1.5% | -1.9 |
| October | 1.8% | -1.3 |
| November | 1.6% | -1.9 |
| December | 1.4% | -2.1 |
| Average | 2.2% |
Data source
Data from OECD. Last updated: 11/01/2026.