Norway Consumer Price Index (CPI) y/y

Country:
Norway
NOK, Norwegian Krone
Sector:
Prices
Medium 1.4% 0.5%
0.7%
Last release Importance Actual Forecast
Previous
1.8%
1.4%
Next release Actual Forecast
Previous
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Norwegian Consumer Price Index y/y reflects the dynamics of consumer prices for goods and services purchased by private households. The index measures price changes in the given month compared to the same month of the previous year. The CPI is published by Statistics Norway (SSB) on the 10th of every month. Norwegian Consumer Price Index data is additionally submitted to Eurostat and is included in the European statistics.

The calculation covers every segment of private consumption such as food, alcoholic and non-alcoholic beverages, clothing, rents, routine household maintenance, health care, telecommunication services, leisure, and other goods and services. The following are not regarded as consumption: direct taxes, social security contributions including the compulsory health insurance, as well as expenditure on investments and savings. Statistics reflect real prices paid by consumers, taking into account all direct and indirect taxes, surcharges, subsidies and discounts.

The CPI is calculated using data from online surveys, commodity trade statistics and household budget surveys. Price changes are calculated using a sample of 650 goods and services which represent the typical consumption of Norwegian households. The bulk of the sample is constant, however the sample is reviewed from time to time, to reflect changes in consumption patterns. Prices for CPI calculation are collected in retail outlets, based on a sample of approximately 2,000 companies, with one-sixth of this sample being updated annually. The statistics additionally include data on rental payments based on information received from 2,500 tenants.

Consumer Price Index is one of key indicators to measure inflation. The CPI is used as the basis for payment revisions, as well as a deflator in the calculation of the Retail Sales indicator. A higher than expected CPI reading is considered positive for NOK quotes, while lower readings are considered negative.

Last values:

actual data

forecast

The chart of the entire available history of the "Norway Consumer Price Index (CPI) y/y" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Dec 2020
1.4%
0.5%
0.7%
Nov 2020
0.7%
1.4%
1.7%
Oct 2020
1.7%
2.0%
1.6%
Sep 2020
1.6%
1.6%
1.7%
Aug 2020
1.7%
1.5%
1.3%
Jul 2020
1.3%
1.4%
1.4%
Jun 2020
1.4%
1.5%
1.3%
May 2020
1.3%
1.3%
0.8%
Apr 2020
0.8%
1.3%
0.7%
Mar 2020
0.7%
0.9%
Feb 2020
0.9%
1.8%
Jan 2020
1.8%
1.4%
Dec 2019
1.4%
1.6%
Nov 2019
1.6%
1.8%
Oct 2019
1.8%
1.5%
Sep 2019
1.5%
1.6%
Aug 2019
1.6%
1.9%
Jul 2019
1.9%
1.9%
Jun 2019
1.9%
2.5%
May 2019
2.5%
2.9%
Apr 2019
2.9%
2.9%
Mar 2019
2.9%
3.0%
Feb 2019
3.0%
3.1%
Jan 2019
3.1%
3.5%
Dec 2018
3.5%
3.5%
Nov 2018
3.5%
3.1%
Oct 2018
3.1%
3.4%
Sep 2018
3.4%
3.4%
Aug 2018
3.4%
3.0%
Jul 2018
3.0%
2.6%
Jun 2018
2.6%
2.3%
May 2018
2.3%
2.4%
Apr 2018
2.4%
2.2%
Mar 2018
2.2%
2.2%
Feb 2018
2.2%
1.6%
Jan 2018
1.6%
1.6%
Dec 2017
1.6%
1.1%
Nov 2017
1.1%
1.2%
Oct 2017
1.2%
1.6%
Sep 2017
1.6%
1.3%
Aug 2017
1.3%
1.5%
Jul 2017
1.5%
1.9%
Jun 2017
1.9%
2.1%
May 2017
2.1%
2.2%
Apr 2017
2.2%
2.4%
Mar 2017
2.4%
2.5%
Feb 2017
2.5%
2.8%
Jan 2017
2.8%
3.5%
Dec 2016
3.5%
3.5%
Nov 2016
3.5%
3.7%

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