Inflation Norway 2025
Average inflation: 3.1%
Current Inflation
Inflation is high at 3.1%, well above the ECB target.
Peak and Trough
The highest inflation was in February at 3.6%. The lowest inflation was in January at 2.3%.
- Highest month
- February: 3.6%
- Lowest month
- January: 2.3%
- Difference
- 1.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 5.7%. The lowest price increase was in Clothing and footwear with an average of -2.1%.
- Highest increase
- Food and non-alcoholic beverages: 5.7%
- Lowest increase
- Clothing and footwear: -2.1%
Historical Context
Current inflation is 1.1% lower than the 5-year average of 4.2%.
- 5-year average
- 4.2%
- 10-year average
- 3.3%
- All-time high (2022)
- 5.7%
- All-time low (2012)
- 0.7%
Trend
Inflation shows a downward trend. Compared to 2024, inflation has fallen by +0.1 percentage point.
- Change vs. previous year
- -0.1 percentage points
- Largest monthly swing
- January: -2.4 percentage points
ECB Target
Inflation is 1.1% 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 €103.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2025
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2024 |
|---|---|---|
| January | 2.3% | -2.4 |
| February | 3.6% | -0.9 |
| March | 2.6% | -1.3 |
| April | 2.5% | -1.1 |
| May | 3.0% | 0.0 |
| June | 3.0% | +0.4 |
| July | 3.3% | +0.5 |
| August | 3.5% | +0.9 |
| September | 3.6% | +0.6 |
| October | 3.1% | +0.5 |
| November | 3.0% | +0.6 |
| December | 3.2% | +1.0 |
| Average | 3.1% |
Data source
Data from OECD. Last updated: 11/01/2026.