Inflation forecast · World Bank data
Norway inflation forecast
Inflation (CPI, annual %)
Latest · 2025
3.1%
Inflation in Norway is forecast at 3.8% in 12 months (2026), with an 80% range of 2.0% to 6.4%. The latest World Bank figure is 3.1% for 2025.
In 24 months (2027) and 36 months (2028) the model projects 4.2% and 4.6% (+1.5 pp versus 2025).
Display-only line. World Bank data is annual: the forecasts are the yearly points marked on the chart. The monthly line between them is a straight-line interpolation for display, not a monthly forecast.
- 6 monthsinterpolated · display only
- 3.4%▲ +0.4 pp80%: 2.5% – 4.7%
- 12 months2026
- 3.8%▲ +0.8 pp80%: 2.0% – 6.4%
- 24 months2027
- 4.2%▲ +1.2 pp80%: 2.1% – 7.3%
- 36 months2028
- 4.6%▲ +1.5 pp80%: 2.2% – 8.0%
Backtest · last 5 years
How accurate has this been?
| Horizon | Tests | Avg. error | Naive error | In 80% range |
|---|---|---|---|---|
| 12 months | 5 | 1.81 pp | 1.44 pp | 80% |
| 24 months | 4 | 2.52 pp | 2.90 pp | 75% |
| 36 months | 3 | 1.71 pp | 2.43 pp | 67% |
We re-ran the model as if standing at past dates, using only the data available then. Avg. error is the mean absolute gap between the median and what happened (percentage points); naive assumes no change from the last value. A well-calibrated 80% range contains about 80% of outcomes. Annual series have few test points, so treat these as rough. Methodology
Source data
Recent values
| Year | Value | Change |
|---|---|---|
| 2025 | 3.1% | −0.09 pp |
| 2024 | 3.1% | −2.37 pp |
| 2023 | 5.5% | −0.25 pp |
| 2022 | 5.8% | +2.28 pp |
| 2021 | 3.5% | +2.20 pp |
| 2020 | 1.3% | −0.88 pp |
| 2019 | 2.2% | −0.60 pp |
| 2018 | 2.8% | +0.89 pp |
| 2017 | 1.9% | −1.67 pp |
| 2016 | 3.6% | +1.38 pp |
About this forecast
- Source
- World Bank, World Development Indicators · series FP.CPI.TOTL.ZG
- Data through
- 2025 · 66 observations
- Forecast updated
- Sep 28, 2026
- Model
- TimesFM 2.5 (Google Research, Apache-2.0), zero-shot
More forecasts for Norway
Norway overviewOther inflation forecasts
All 39Statistical model, not financial advice. This forecast is generated automatically from public data; the 80% range means outcomes are expected outside it about one time in five. Don't make financial decisions based only on it.
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