Inflation rates by country and year

0%3.4%6.8%10.2%13.6%
0%3.4%6.8%10.2%13.6%
19600.4%
19922.3%
20253.1%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2025Inflation Rate3.1%

Behind the curve

Turning points in Norway

  1. 1973↑ Upward pressure

    Oil revenues and overheating — Wikipedia (opens in a new tab)

    The 1973 oil-price rise boosted revenues from Norway's new offshore fields, helping overheat the economy and add to wage and price pressures.

    OECD · Norway economic snapshot
  2. 1986↓ Downward pressure

    The 1986 oil-price slump — Wikipedia (opens in a new tab)

    The 1986 oil-price collapse cut Norway's oil income, cooling the economy and easing inflation after the boom years.

    OECD · Norway economic snapshot
  3. 2009↓ Downward pressure

    The global financial crisis — Wikipedia (opens in a new tab)

    The global downturn weakened external demand and commodity prices, easing Norwegian inflation after the 2008 spike.

    OECD · Norway economic snapshot
  4. 2020↓ Downward pressure

    The pandemic and oil-price fall — Wikipedia (opens in a new tab)

    The pandemic and the collapse in oil prices dampened demand and prices in Norway in 2020.

    OECD · Norway economic snapshot
  5. 2022↑ Upward pressure

    Energy and food price surge — Wikipedia (opens in a new tab)

    Higher energy and food prices pushed Norwegian inflation up sharply in 2022, despite the country's position as an energy exporter.

    OECD · Norway economic snapshot IMF · World Economic Outlook database

These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.

What is the inflation in Norway?

The annual inflation rate in Norway was 3.1% in 2025, the most recent year in the World Bank dataset. That means prices rose 3.1% on average compared with the year before. Use the chart above to explore Norway's full inflation history from 1960 to 2025, and to compare it with any other country.

How inflation in Norway has changed

Inflation in Norway peaked at 13.6% in 1981 and reached its lowest point at 0.4% in 1960. Averaged across the 66 years of available data (1960–2025), the rate has been 4.4% per year.

Frequently asked questions about inflation in Norway

What is the current inflation rate in Norway?

The latest available annual figure is 3.1% in 2025, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Norway's statistical office.

What was the highest inflation rate in Norway?

The highest annual inflation rate on record is 13.6%, reached in 1981.

What was the lowest inflation rate in Norway?

The lowest annual inflation rate on record is 0.4%, recorded in 1960.

Where does the inflation data for Norway come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.