FX.co ★ Norway’s Inflation Rebounds in July as CPI Jumps 1.0% Month-on-Month

Norway’s consumer prices rose sharply in July 2026, with the Consumer Price Index (CPI) increasing by 1.0% month-on-month, according to data updated on 10 August 2026. This marks a notable turnaround from June 2026, when CPI fell by 0.2% compared with the previous month.

The figures, measured on a month-over-month basis, show that after a brief period of price decline in June, inflationary pressures resurfaced in July. The “actual” July reading of 1.0% reflects the change from June to July, while the “previous” -0.2% reading captures the change from May to June. The swing from negative to positive territory underscores a renewed upward movement in prices across the Norwegian economy over the summer period.