# Norway's consumer prices rise 3.4% on the year in September; core inflation is 3.0%

> Statistics Norway's September figures show headline inflation at 3.4% and CPI-ATE, the measure Norges Bank uses to judge underlying inflation, at 3.0%.

- Canonical URL: https://forextradingcommunity.com/news/norway-cpi-september-2026/
- Type: Data
- Published: 2026-10-19
- Updated: 2026-10-19
- Publisher: Forex Trading Community (https://forextradingcommunity.com), FTC Editorial Team
- Currencies: NOK

Statistics Norway's consumer price index for September 2026 shows headline inflation at 3.4% on the year, with the index up 0.5% on the month. CPI-ATE, which adjusts for tax changes and excludes energy products and is the measure Norges Bank uses to judge underlying inflation, rose 3.0% on the year and 0.2% on the month.

## The index levels

- **CPI (all items)**: 104.0 (2025 = 100), up 0.5% on August
- **CPI-ATE**: 103.5, up 0.2% on August

## Reading it

Headline inflation is above core, which means energy is lifting the total. Norges Bank raised its policy rate to 4.50% on 23 September, effective 25 September, a move covered in [our report on the Norges Bank decision](/news/norges-bank-hikes-riksbank-holds-september-2026/). Core inflation was 3.0% in September, the figure to watch for the bank's next decision.

For the August figures, see [our report on Norwegian and Swedish inflation](/news/sweden-norway-inflation-august-2026/). For the krone's drivers, see [the commodity currencies explained](/news/commodity-currencies-aud-nzd-cad-nok/). Live prices: [EUR/USD](/markets/eur-usd/).

## Sources

- [Statistics Norway: Consumer price index, September 2026 (2025 = 100)](https://www.ssb.no/en/priser-og-prisindekser/konsumpriser/statistikk/konsumprisindeksen)

## Common questions

### What was Norway's inflation in September 2026?

Statistics Norway reports headline CPI up 3.4% on the year and CPI-ATE up 3.0%.

### What is CPI-ATE?

It is the consumer price index adjusted for tax changes and excluding energy products. Norges Bank uses it to judge underlying inflation.

### What is Norges Bank's policy rate?

The policy rate was raised to 4.50% effective 25 September 2026, from 4.25%.

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