FX.co ★ Norway’s Monthly Inflation Momentum Halves in May, Easing to 0.2%

Norway’s consumer price inflation slowed in May 2026, with the month‑over‑month Consumer Price Index (CPI) rising 0.2%, down from a 0.4% increase in April 2026. The fresh data, updated on 10 June 2026, indicate a notable cooling in short‑term price pressures across the Norwegian economy.

The May reading means that prices continued to rise, but at only half the pace seen in the previous month. On a month‑over‑month basis, the “Actual” figure for May reflects the change in prices compared with April, while April’s “Previous” figure captured the change from March to April. This deceleration in the monthly CPI suggests a more moderate inflation backdrop as Norway moves into the middle of 2026.