Norvège Taux d'inflation

Norway’s annual inflation rate eased to 3.0% in November 2025 from 3.1% in October, but above market expectations of 2.7%. Still, this marked the lowest reading in five months, with food and non-alcoholic beverages inflation slowing notably to 4.7% from 6.2% in October and transport inflation easing to 2.2% from 3.0%. Price growth also moderated for alcoholic beverages and tobacco (3.7% vs 3.9%), communications (4.8% vs 6.4%), recreation and culture (3.0% vs 3.7%), and miscellaneous goods and services (1.7% vs 1.8%). Conversely, inflation accelerated for housing and utilities (3.7% vs 3.1%), health (2.9% vs 2.6%), and restaurants and hotels (4.7% vs 3.1%). On a monthly basis, consumer prices rose 0.1%, matching October’s pace. The CPI-ATE, which excludes energy and tax effects, increased 3.0% year-on-year, its lowest since June and below forecasts of 3.1%, and fell 0.3% month-on-month.