FX.co ★ Norway Inflation Rate Climbs to 7-Month High

In September 2025, Norway experienced a rise in its annual inflation rate to 3.6%, surpassing both the anticipated rate and the 3.5% seen in August, marking it as the highest since February. This increase was primarily driven by accelerated price growth in the sectors of food and non-alcoholic beverages, which rose to 6.3% from 5.4%, and transport, which increased to 2.9% from 2.7%. Conversely, inflation eased in the areas of housing and utilities, where it moved down to 6.2% from 6.3%, as well as in recreation and culture, which declined to 2.5% from 2.9%, and restaurants and hotels, where figures fell to 3.2% from 3.8%. Prices continued to fall for clothing and footwear, which are now at -2.1% compared to -2.5%, as well as for furnishings, household equipment, and routine maintenance at -1.3% from -0.9%. On a monthly level, the Consumer Price Index (CPI) increased by 0.4%, outpacing the forecasted rise of 0.3%, following a 0.6% decrease in August. The CPI-ATE, which adjusts for tax changes and excludes energy products, registered a year-on-year increase of 3%, slightly under August’s rate and the projected 3.1%. On a monthly scale, prices saw a modest increase of 0.2%, below the expected 0.4%, after having dropped by 0.7% in August.