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.