Norway’s consumer price inflation accelerated in January 2026, with the year-over-year Consumer Price Index (CPI) rising to 3.6%, up from 3.2% in December 2025. The data, updated on 10 February 2026, marks a renewed uptick in price pressures after a previous period of moderation.
Both figures are measured on a year-over-year basis, comparing each month with the same month a year earlier. The move from 3.2% to 3.6% suggests that inflationary momentum picked up at the start of the year, potentially complicating the outlook for monetary policymakers who had been watching for clearer signs of a sustained slowdown in price growth.
While further details on the drivers of the increase were not provided, the shift indicates that Norway’s battle with inflation is not yet over, and markets and analysts are likely to scrutinize upcoming releases for confirmation of whether this rise is temporary or the start of a renewed inflation trend.
