In this article, we investigate whether inflation expectations in Norway are anchored, in the sense that they show little response to new information and remain stable and close to the inflation target of 2.5 percent a few years ahead. We do this by analysing the responses of different groups in Norges Bank's expectations survey concerning their inflation expectations. Overall, the results indicate that inflation expectations are anchored. A substantial percentage of respondents in the groups expect inflation to be between 2.0 and 3.0 percent in two years' and in five years' time. The groups' average inflation expectations have been fairly stable and close to the inflation target over time. For one of the groups in the survey – financial economists – expectations for inflation five years ahead have been somewhat lower than the inflation target in recent years.