Norway inflation rate for 2023 was 5.52%, a 0.25% decline from 2022.
Norway inflation rate for 2022 was 5.76%, a 2.28% increase from 2021.
Norway inflation rate for 2021 was 3.48%, a 2.2% increase from 2020.
Norway inflation rate for 2020 was 1.29%, a 0.88% decline from 2019.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.