FX.co ★ Norway Inflation Eases for Second Month to 2.5%

In April 2025, Norway's annual consumer inflation rate slightly decreased to 2.5% from 2.6% in March, in line with market forecasts. This represents the second consecutive month of decelerating inflation. Notably, the increase in food and alcoholic beverage prices was the smallest seen in nearly three years, registering at 3.3% compared to 8.7% in March. Additionally, the rate of cost increase slowed for health services (4.6% down from 4.8%) and for the restaurant and hotel sector (3.3% down from 3.4%), while clothing prices continued to decline, albeit at a slower pace (-1.8% compared to -2.0%). Conversely, inflation quickened in the housing and utilities sectors (2.3% up from 1.3%), furnishings and household maintenance (1.5% up from 0.4%), and transport (2.8% up from 1.5%). On a monthly scale, consumer prices increased by 0.7%, rebounding from a 0.7% decrease in March and slightly surpassing the anticipated 0.6% rise. In the meantime, the CPI adjusted for tax changes and excluding energy products (CPI-ATE) rose 3.0% year-on-year, down from 3.4% in March and below the predicted 3.2%, marking the lowest rate since January.