Norvège Taux d'inflation

The annual consumer inflation rate in Norway rose to 3.6% in February 2025 from 2.3% in the previous month, easily beating market expectations of 2.8%. This marked the highest reading since April 2024, as prices accelerated for food and non-alcoholic beverages (7.5% vs 5% in January), housing and utilities (5.1% vs 2%), and transport (1.7% vs 1.3%). In addition, costs increased at a faster pace for communications (5.2% vs 2.3%) and restaurants and hotels (3.9% vs 1.9%). On the other hand, prices moderated for alcoholic beverages and tobacco (4% vs 4.7%), health (5% vs 5.2%), and recreation and culture (2.8% vs 3%). On a monthly basis, the headline CPI climbed 1.4% from 0.2% in January. Meanwhile, the CPI adjusted for tax changes and excluding energy products (CPI-ATE) increased by 3.4% year-on-year and 1% month-on-month, compared to 2.8% and 0.1%, respectively, in the previous month. These figures suggest that the central bank may limit the decline in interest rates in 2025.