Norway's annual inflation remained unchanged from the previous month in June, but came in below economists' forecast, data released by Statistics Norway showed Tuesday.
Consumer price inflation remained steady at 0.5 percent in June, while economists were looking for an inflation rate of 0.8 percent.
Sequentially, the consumer price index dropped 0.5 percent in June, after falling 0.4 percent in May. Economists expected prices to drop 0.1 percent month-on-month.
Core consumer prices rose 1.2 percent annually during the month, slower than the 1.6 percent gain economists forecast. Compared to May, core prices dropped 0.3 percent in June, defying economists' expectations for a 0.1 percent rise.
At the same time, the harmonized index of consumer prices (HICP), measured under the EU methodology, remained flat year-on-year in June, after rising 0.2 percent in may. Month-on-month, the HICP dropped 0.6 percent.
Separately, the agency said Norway's producer price index, including oil products, decreased 0.2 percent annually in June, reversing the previous month's 2.5 percent increase. Compared to May, output prices decreased 3.5 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.