FX.co ★ Norway’s Core Inflation Rebounds in July, Ending Brief Deflationary Dip

Norway’s core inflation turned positive in July 2026, rebounding to 0.8% month-over-month after a brief decline in the previous month. The latest data, updated on 10 August 2026, mark a sharp turnaround from June 2026, when the core inflation indicator stood at -0.1% on a month-over-month basis.

The comparison is made on a month-over-month basis, meaning the July reading of 0.8% reflects the change in core prices from June to July, while the previous -0.1% figure captured the change from May to June. The move from a mild monthly drop in core prices to a solid increase suggests underlying price pressures strengthened again in July, following a temporary pause in June’s data.