Norway - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Norway was 126.06 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 126.06 in 2021 and a minimum value of 9.03 in 1960.

Definition: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 9.03
1961 9.22
1962 9.71
1963 9.95
1964 10.53
1965 10.97
1966 11.33
1967 11.85
1968 12.26
1969 12.62
1970 13.96
1971 14.83
1972 15.91
1973 17.09
1974 18.70
1975 20.88
1976 22.80
1977 24.87
1978 26.90
1979 28.12
1980 31.17
1981 35.43
1982 39.44
1983 42.78
1984 45.44
1985 48.04
1986 51.49
1987 55.98
1988 59.71
1989 62.43
1990 65.01
1991 67.24
1992 68.81
1993 70.38
1994 71.35
1995 73.11
1996 74.03
1997 75.93
1998 77.64
1999 79.48
2000 81.93
2001 84.39
2002 85.48
2003 87.60
2004 88.00
2005 89.35
2006 91.43
2007 92.08
2008 95.54
2009 97.64
2010 100.00
2011 101.29
2012 101.99
2013 104.15
2014 106.28
2015 108.59
2016 112.44
2017 114.55
2018 117.72
2019 120.27
2020 121.82
2021 126.06

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices