FX.co ★ Norway’s Core Inflation Turns Positive in September After August Slump

Norway’s core inflation moved back into positive territory in September 2026, rising 0.2% month-over-month after a sharp 0.5% decline in August, according to data updated on 9 October 2026. The shift marks a notable turnaround in underlying price pressures following the previous month’s contraction.

The comparison is made on a month-over-month basis, with September’s “actual” figure reflecting the change from August 2026, while the “previous” reading captures August’s change relative to July. The move from -0.5% to 0.2% suggests that core price dynamics have stabilized, easing concerns that August’s drop signaled a more persistent bout of disinflation.

While the latest reading does not on its own define a trend, the return to modest positive growth in core prices will be closely watched by market participants and policymakers, as it may influence expectations for future monetary policy and the broader trajectory of inflation in Norway.