Monthly inflation rate (CPI) in Norway 2021-2023, by selected commodity groups

Published by
Einar H. Dyvik,
Dec 20, 2023
In Norway, electricity prices reached high inflation levels during the fall of 2021, when the water level in the country's water magazines was low. Moreover, an increase in several commodity prices in 2022 and 2023 following the Russian war in Ukraine caused continuing inflation. Food and non-alcohlic beverages was the commodity with the highest inflation rate as of November 2023, reaching 9.1 percent, followed by furnishings, household equipment, and routine maintenance at nine percent. The total inflation rate in the country in October 2023 was four percent.

Annual change in the monthly consumer price index (CPI) in Norway from January 2021 to November 2023, by selected commodity groups

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Release date

December 2023

Region

Norway

Survey time period

January 2021 to November 2023

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