Harmonised Index of Consumer Prices in Norway

Estadistica Noruega (SSB) · Mensual · Importance 90

IMF forecast (WEO): 2026: 3.3% 2027: 2.6% 2028: 2.2% 2029: 2.0% 2030: 2.0% 2031: 2.0%

3.0% (Jul-26) YOY · % · Mensual · CSV

Period	%
Jul 2026	3.0%
Jun 2026	2.7%
May 2026	3.1%
Apr 2026	3.4%
Mar 2026	3.6%
Feb 2026	2.7%
Jan 2026	3.6%
Dec 2025	3.2%
Nov 2025	3.0%
Oct 2025	3.1%
Sep 2025	3.6%
Aug 2025	3.5%
Jul 2025	3.2%
Jun 2025	3.0%
May 2025	3.1%
Apr 2025	2.5%
Mar 2025	2.6%
Feb 2025	3.5%
Jan 2025	2.3%
Dec 2024	2.3%
Nov 2024	2.4%
Oct 2024	2.6%
Sep 2024	3.0%
Aug 2024	2.7%
Jul 2024	2.8%
Jun 2024	2.6%
May 2024	3.0%
Apr 2024	3.6%
Mar 2024	3.9%
Feb 2024	4.6%
Jan 2024	4.8%
Dec 2023	4.7%
Nov 2023	4.7%
Oct 2023	4.0%
Sep 2023	3.4%
Aug 2023	4.9%
Jul 2023	5.3%
Jun 2023	6.4%
May 2023	6.6%
Apr 2023	6.4%
Mar 2023	6.6%
Feb 2023	6.2%
Jan 2023	7.0%
Dec 2022	5.9%
Nov 2022	6.5%
Oct 2022	7.5%
Sep 2022	6.8%
Aug 2022	6.5%
Jul 2022	6.7%
Jun 2022	6.3%
May 2022	5.9%
Apr 2022	5.4%
Mar 2022	4.6%
Feb 2022	3.7%
Jan 2022	3.3%
Dec 2021	5.2%
Nov 2021	5.1%
Oct 2021	3.5%
Sep 2021	4.1%
Aug 2021	3.3%

Period	%
Jul 2026	1.0%
Jun 2026	-0.2%
May 2026	0.2%
Apr 2026	0.4%
Mar 2026	0.2%
Feb 2026	0.6%
Jan 2026	0.6%
Dec 2025	0.1%
Nov 2025	0.2%
Oct 2025	0.1%
Sep 2025	0.4%
Aug 2025	-0.6%
Jul 2025	0.7%
Jun 2025	0.2%
May 2025	0.5%
Apr 2025	0.6%
Mar 2025	-0.7%
Feb 2025	1.4%
Jan 2025	0.2%
Dec 2024	-0.1%
Nov 2024	0.3%
Oct 2024	0.6%
Sep 2024	0.3%
Aug 2024	-0.9%
Jul 2024	0.5%
Jun 2024	0.3%
May 2024	-0.1%
Apr 2024	0.7%
Mar 2024	0.2%
Feb 2024	0.2%
Jan 2024	0.2%
Dec 2023	0.0%
Nov 2023	0.5%
Oct 2023	1.0%
Sep 2023	0.0%
Aug 2023	-0.7%
Jul 2023	0.3%
Jun 2023	0.6%
May 2023	0.5%
Apr 2023	1.0%
Mar 2023	0.9%
Feb 2023	0.4%
Jan 2023	0.1%
Dec 2022	0.0%
Nov 2022	-0.1%
Oct 2022	0.3%
Sep 2022	1.4%
Aug 2022	-0.3%
Jul 2022	1.3%
Jun 2022	0.8%
May 2022	0.3%
Apr 2022	1.1%
Mar 2022	0.6%
Feb 2022	1.2%
Jan 2022	-0.9%
Dec 2021	0.6%
Nov 2021	0.8%
Oct 2021	-0.4%
Sep 2021	1.2%
Aug 2021	-0.1%

Period	%
Jul 2026	2.9%
Jun 2026	2.6%
May 2026	3.1%
Apr 2026	3.4%
Mar 2026	3.6%
Feb 2026	2.6%
Jan 2026	3.5%
Dec 2025	3.0%
Nov 2025	2.7%
Oct 2025	2.9%
Sep 2025	3.6%
Aug 2025	3.5%
Jul 2025	3.1%
Jun 2025	2.7%
May 2025	2.8%
Apr 2025	2.1%
Mar 2025	2.3%
Feb 2025	3.2%
Jan 2025	1.9%
Dec 2024	1.7%
Nov 2024	1.9%
Oct 2024	2.2%
Sep 2024	2.7%
Aug 2024	2.2%
Jul 2024	2.4%
Jun 2024	2.2%
May 2024	2.6%
Apr 2024	3.3%
Mar 2024	3.6%
Feb 2024	4.4%
Jan 2024	4.6%
Dec 2023	4.6%
Nov 2023	4.5%
Oct 2023	3.7%
Sep 2023	2.8%
Aug 2023	4.8%
Jul 2023	5.6%
Jun 2023	6.8%
May 2023	7.2%
Apr 2023	7.0%
Mar 2023	7.3%
Feb 2023	7.2%
Jan 2023	8.0%
Dec 2022	6.3%
Nov 2022	7.3%
Oct 2022	8.4%
Sep 2022	7.7%
Aug 2022	7.1%
Jul 2022	7.4%
Jun 2022	7.0%
May 2022	6.3%
Apr 2022	5.9%
Mar 2022	4.7%
Feb 2022	3.6%
Jan 2022	3.2%
Dec 2021	6.1%
Nov 2021	5.9%
Oct 2021	4.0%
Sep 2021	4.7%
Aug 2021	3.8%

Period	%
Jul 2026	1.1%
Jun 2026	-0.2%
May 2026	0.2%
Apr 2026	0.4%
Mar 2026	0.2%
Feb 2026	0.7%
Jan 2026	0.5%
Dec 2025	0.2%
Nov 2025	0.2%
Oct 2025	0.1%
Sep 2025	0.4%
Aug 2025	-0.7%
Jul 2025	0.8%
Jun 2025	0.2%
May 2025	0.5%
Apr 2025	0.6%
Mar 2025	-0.8%
Feb 2025	1.6%
Jan 2025	0.0%
Dec 2024	-0.1%
Nov 2024	0.4%
Oct 2024	0.7%
Sep 2024	0.2%
Aug 2024	-1.1%
Jul 2024	0.5%
Jun 2024	0.3%
May 2024	-0.2%
Apr 2024	0.9%
Mar 2024	0.1%
Feb 2024	0.2%
Jan 2024	-0.1%
Dec 2023	0.1%
Nov 2023	0.7%
Oct 2023	1.1%
Sep 2023	-0.2%
Aug 2023	-1.0%
Jul 2023	0.3%
Jun 2023	0.7%
May 2023	0.4%
Apr 2023	1.2%
Mar 2023	0.9%
Feb 2023	0.4%
Jan 2023	-0.1%
Dec 2022	-0.1%
Nov 2022	-0.1%
Oct 2022	0.3%
Sep 2022	1.8%
Aug 2022	-0.2%
Jul 2022	1.4%
Jun 2022	1.1%
May 2022	0.2%
Apr 2022	1.5%
Mar 2022	0.8%
Feb 2022	1.2%
Jan 2022	-1.7%
Dec 2021	0.8%
Nov 2021	1.0%
Oct 2021	-0.4%
Sep 2021	1.3%
Aug 2021	0.0%

About this indicator

Source	Statistics Norway
Frequency	Mensual
Release	En torno a mediados del mes siguiente al periodo de referencia (suele haber un dato preliminar y otro definitivo).
What it is	Norway's Harmonised Index of Consumer Prices (HICP) measures the change in the prices of goods and services bought by households. It is compiled by Statistics Norway (SSB) using Eurostat's common methodology, allowing Norwegian inflation to be compared with the EU and the euro area.
How it's calculated	It is built on a consumption basket weighted by household spending, following Eurostat's harmonised classifications (COICOP) with a common base year, and reported as year-on-year and month-on-month changes (%). It differs from the national CPI (KPI) in the treatment of certain items.
Market implications	Norway is not in the euro area: its central bank, Norges Bank, sets rates with a focus on the national underlying CPI (CPI-ATE) rather than the HICP. Even so, a high inflation reading reinforces expectations of higher rates and tends to support the Norwegian krone.
Limitations	Being harmonised, it does not capture every feature of Norwegian consumption and can diverge from the national CPI, the measure Norges Bank focuses on. Norwegian inflation is sensitive to energy and the krone exchange rate. The underlying trend is read from the core measure.