FX.co ★ Norway’s Inflation Eases to 3.1% in May, Extending Downward Trend

Norway’s consumer price inflation slowed to 3.1% year-over-year in May 2026, down from 3.4% in April, according to data updated on 10 June 2026. The latest reading, measured on an annual basis, compares price levels in May 2026 with those of May 2025.

The decline marks a continuation of the disinflation trend evident in recent months, as the April 2026 figure had already eased to 3.4% year-over-year compared with April a year earlier. The May data suggest that price pressures in Norway are gradually cooling, with the annual rate of increase in consumer prices continuing to move lower.