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Norway Inflation Slows In February

Norway's consumer price inflation slowed in February, data from Statistics Norway showed on Tuesday.

The consumer price index rose 0.9 percent annually in February, slower than a 1.8 percent increase in January. Economists had expected a rise of 1.6 percent.

The core inflation rate was 2.1 percent in February, after a 2.9 percent rise in the preceding month.

On a month-on-month basis, consumer prices edged down 0.1 percent in February, after remaining unchanged in the prior month.

The core CPI rose 0.5 percent monthly in February, after a 1.2 percent increase in the preceding month.

Separate data from the statistical office showed that the producer prices declined 7.4 percent annually in February, following a 3.9 percent decrease in January. The prices declined for the ninth month.

On a monthly basis, producer prices fell 3.3 percent in February, following a 1.3 percent decrease in the preceding month.

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