Norwegian inflation headache continues as December inflation rises to 3.2 percent

Inflation was expected to slow to 2.9 percent annually from November's level of 3 percent. The country's core inflation ended the year at 3.1 percent, well above Norges Bank's 2 percent target.

The central bank has left the key interest rate unchanged at 4 percent since September.

It was primarily the prices of food, transport and energy that drove up prices in Norway in 2025. However, the price trend for food and energy slowed at the end of the year.