FX.co ★ Norway’s Core Inflation Ticks Higher in January, Signalling Modest Price Momentum

Norway’s core inflation accelerated at the start of 2026, with the month‑over‑month rate rising to 0.3% in January from 0.1% in December 2025, according to data updated on 10 February 2026. The figure reflects a modest pickup in underlying price pressures after a relatively subdued end to last year.

On a month‑over‑month basis, the “actual” January reading compares the change in prices from December 2025 to January 2026, while the previous 0.1% print captured the change from November to December 2025. The latest move suggests that core inflation dynamics have firmed slightly, a development that will be closely watched by market participants and policymakers assessing the trajectory of Norway’s price growth into 2026.