Norway's core inflation rate fell to 4.4% in April, reducing expectations of an interest rate cut.
Norway's core inflation rate fell less than expected in April, easing to 4.4%. This reduced expectations of an interest rate cut by the central bank. The consumer price index rose 3.6% year-over-year, the weakest inflation since September 2022, while producer prices continued their declining trend. The data suggest price pressure in Norway remains more stubborn than in its European peers.
May 10, 2024
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