Norway’s core inflation moved into negative territory on a month‑over‑month basis in August 2026, highlighting a significant cooling in underlying price pressures. Core inflation fell to -0.5% in August, a stark turnaround from the 0.8% increase recorded in July 2026, according to data updated on 10 September 2026.
The figures, measured on a month‑over‑month comparison, show that while July saw a robust rise in core prices versus June, August brought a notable correction as prices declined from their July levels. This shift suggests a rapid easing in underlying inflation momentum within a single month, which could influence expectations around monetary policy and the broader trajectory of Norway’s price stability in the near term.
