Norway’s annual inflation rate rose 3.6% in October 2026, up from 3.4% in the previous month but slightly below market expectations of 3.7%. This marked the highest reading since March as costs accelerated for housing utilities (5.1% vs 3.5% in September), transportation (5.4% vs 4.8%), and restaurants and hotels (6.1% vs 6.0%), while price growth remained steady for education (at 4.3%) and miscellaneous goods and services (at 3.9%). On the other hand, prices decreased for food and non-alcoholic beverages (1.4% vs 2.4%), alcoholic beverages and tobacco (2.5% vs 2.6%), clothing and footwear (0.4% vs 2.2%), health (4.8% vs 4.9%), recreation and culture (3.5% vs 4.0%), and insurance and financial services (6.4% vs 7.9%). On a monthly basis, consumer prices eased to 0.3% from 0.5% in the preceding period. The CPI-ATE, which excludes energy prices and tax changes, rose by 3.8% year-on-year and 0.3% month-on-month.