Inflation rate in Norway: 3.1% in 2025, ranking 87th of 176 countries. In 2010 it was 2.4%.
Data last updated · Period: 2010–2025
Understanding the chart
The line chart above tracks inflation rate in Norway for each year from 2010 to 2025, 16 data points in all. Each dot is one year; the first and last years and the highest point are labelled with their values, and the vertical scale is in annual %. All values in this period were above zero. The data table below the chart lists every value, and you can download the data, embed the chart or share it from the buttons above. The figures cover 2010–2025 and come from World Bank, World Development Indicators (CC BY 4.0).
Key insights
- Between 2010 and 2025, Norway's inflation rose from 2.4% to 3.1%, a rise of 0.6 percentage points.
- The highest value in this period was 5.8% in 2022; the lowest was 0.7% in 2012.
- Recently, the figure has fallen in each of the last two years (2024: 3.1%; 2025: 3.1%).
- That is 0.0 percentage points above the world figure of 3.0%.
- Norway has the 87th-highest value of 176 countries with recent data.
- In Northern Europe, Norway has the 6th-highest value of 10 countries with recent data; the highest is Estonia (4.8%), and the typical (median) value is 3.4%.
Analysis
Averaged over periods, the figure was 1.7% in 2010 to 2014, 2.5% in 2015 to 2019 and 3.7% in 2020 onwards. The value went up in 6 of the 15 year-to-year steps and down in 9. The biggest one-year rise came in 2022 (+2.3 percentage points). The biggest one-year fall came in 2024 (−2.4 percentage points). Year to year, the figure typically varied by about 1.4 percentage points around its average of 2.7%, a moderately variable pattern.
Norway and its neighbours
Inflation, consumer prices (annual %) among 10 countries in Northern Europe with recent data, ranked from highest to lowest.
| Rank in region | Country | Value | Year |
|---|---|---|---|
| 3 | United Kingdom | 3.9% | 2025 |
| 4 | Lithuania | 3.8% | 2025 |
| 5 | Latvia | 3.7% | 2025 |
| 6 | Norway | 3.1% | 2025 |
| 7 | Ireland | 2.2% | 2025 |
| 8 | Denmark | 1.9% | 2025 |
| 9 | Sweden | 0.7% | 2025 |
Norway on related measures
- GDP (current US$): $530.8 billion (2025, 31st-highest of 204 countries)
- GDP growth (annual %): 1.1% (2025, 166th-highest of 204 countries)
- GDP per person (current US$): $94,594 (2025, 10th-highest of 204 countries)
- GDP per person, adjusted for prices (PPP, international $): $102,038 (PPP) (2024, 7th-highest of 199 countries)
- Income per person (GNI, Atlas method, US$): $97,310 (2025, 3rd-highest of 200 countries)
Global position: Norway's figure is higher than 51% of the 176 countries with data for this measure.
What it means
Inflation in this range is close to the 2 to 4% most central banks aim for, which makes costs and prices in Norway relatively predictable for businesses. Compared with its neighbours in Northern Europe, where the typical value is 3.4%, Norway is close to the regional norm.
About this statistic
The yearly change in the cost of a typical basket of goods and services bought by households. Source: World Bank, World Development Indicators.
For the full definition, caveats and every country ranked, see Inflation, consumer prices (annual %) by country, 2025.
Questions and answers
What is the inflation rate in Norway?
3.1% (Inflation, 2025 · 87th of 176). Inflation rate in Norway: 3.1% in 2025, ranking 87th of 176 countries. In 2010 it was 2.4%.
How has inflation in Norway changed since 2010?
Between 2010 and 2025, Norway's inflation rose from 2.4% to 3.1%, a rise of 0.6 percentage points. The highest value in this period was 5.8% in 2022; the lowest was 0.7% in 2012.
How this page was made
Generated by Advanton from World Bank, World Development Indicators (2010–2025), data updated 8 November 2026: chart, ranks, comparisons and text are computed from the published figures; no figures are changed. About the data.
Data
| Year | Inflation, consumer prices (annual %) |
|---|---|
| 2010 | 2.4% |
| 2011 | 1.3% |
| 2012 | 0.7% |
| 2013 | 2.1% |
| 2014 | 2.0% |
| 2015 | 2.2% |
| 2016 | 3.6% |
| 2017 | 1.9% |
| 2018 | 2.8% |
| 2019 | 2.2% |
| 2020 | 1.3% |
| 2021 | 3.5% |
| 2022 | 5.8% |
| 2023 | 5.5% |
| 2024 | 3.1% |
| 2025 | 3.1% |
Source and notes
Source: World Bank, World Development Indicators (CC BY 4.0). Period: 2010–2025. Coverage: Norway.
The yearly change in the cost of a typical basket of goods and services bought by households. High inflation raises costs and makes pricing and planning harder. Very low or negative inflation can signal weak demand.
Cite this statistic
Please also credit the original source: World Bank, World Development Indicators (CC BY 4.0).Related statistics
- Inflation, consumer prices (annual %) by country, 2025
- Inflation rate in Denmark, 2010–2025
- Inflation rate in Estonia, 2010–2025
- Inflation rate in Finland, 2010–2025
- Inflation rate in United Kingdom, 2010–2025
- GDP of Norway, 2010–2025
- Economic growth (GDP growth) in Norway, 2010–2025
- GDP per person in Norway, 2010–2025
- GDP per person, adjusted for prices (PPP, international $) in Norway, 2010–2024
All Norway data: economy, people, jobs and digital in one place
Need more detail? Build a free India market report for any business and state.
Last reviewed November 9, 2026. Startup costs are estimates; check local prices, licensing and tax rules before you commit money.
