Development of inflation rates in Norway
The inflation rate for consumer prices in Norway moved over the past 40 years between 0.5% and 13.6%. For 2019, an inflation rate of 2.2% was calculated.During the observation period from 1979 to 2019, the average inflation rate was 3.9% per year. Overall, the price increase was 347.07 %. An item that cost 100 Kronen in 1979 was so charged 447.07 Kronen in the beginning of 2020.
In only a very few countries, the price increase is that high. The rate of 13.6% in 1981 means, that compared to the previous year all prices have been increased by an average of 13.6%. In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.
Back to overview: Norway
Performance over the last 40 years compared to the European Union
Performance based on 100% in 1978.
Inflation calculator for Norway
Enter any amount, an initial year and an end year here. You will then be issued with the amount that arose from the original amount after inflation. Example: 1000 Kronen in 1979 corresponds to an amount of 4,470.68 Kronen at the beginning of 2020 due to inflation.Development of inflation rates for consumer goods in Norway
| Jahr | Norway | Ø European Union |
|---|---|---|
| 1979 | 4.51 % | 8.98 % |
| 1980 | 10.88 % | 13.52 % |
| 1981 | 13.64 % | 11.82 % |
| 1982 | 11.34 % | 9.47 % |
| 1983 | 8.47 % | 8.52 % |
| 1984 | 6.22 % | 7.37 % |
| 1985 | 5.71 % | 5.61 % |
| 1986 | 7.18 % | 3.55 % |
| 1987 | 8.72 % | 4.07 % |
| 1988 | 6.68 % | 4.35 % |
| 1989 | 4.55 % | 6.01 % |
| 1990 | 4.13 % | 6.30 % |
| 1991 | 3.44 % | 5.93 % |
| 1992 | 2.33 % | 5.60 % |
| 1993 | 2.29 % | 4.79 % |
| 1994 | 1.38 % | 4.71 % |
| 1995 | 2.46 % | 4.32 % |
| 1996 | 1.26 % | 3.31 % |
| 1997 | 2.57 % | 2.72 % |
| 1998 | 2.25 % | 2.40 % |
| 1999 | 2.37 % | 2.15 % |
| 2000 | 3.09 % | 3.10 % |
| 2001 | 3.00 % | 3.15 % |
| 2002 | 1.29 % | 2.31 % |
| 2003 | 2.49 % | 2.08 % |
| 2004 | 0.45 % | 2.26 % |
| 2005 | 1.53 % | 2.47 % |
| 2006 | 2.33 % | 2.60 % |
| 2007 | 0.71 % | 2.48 % |
| 2008 | 3.75 % | 4.16 % |
| 2009 | 2.20 % | 0.93 % |
| 2010 | 2.42 % | 1.53 % |
| 2011 | 1.28 % | 3.29 % |
| 2012 | 0.70 % | 2.66 % |
| 2013 | 2.12 % | 1.22 % |
| 2014 | 2.04 % | 0.20 % |
| 2015 | 2.17 % | -0.06 % |
| 2016 | 3.55 % | 0.18 % |
| 2017 | 1.88 % | 1.43 % |
| 2018 | 2.76 % | 1.74 % |
| 2019 | 2.17 % | 1.63 % |