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Norway Inflation Rises In April

Norway's consumer price inflation rose in April after easing in the previous month, data from Statistics Norway showed on Monday.

The consumer price index rose 0.8 percent year-on-year in April, following a 0.7 percent increase in March. Economists had expected a rise of 0.4 percent. In February, inflation was 0.9 percent.

The core inflation rose to 2.8 percent in April from 2.1 percent in the preceding month.

On a month-on-month basis, consumer prices rose 0.4 percent in April, after remaining unchanged in the previous month. Economists had expected a 0.1 percent rise.

The core CPI rose 1.1 percent monthly in April, following a 0.5 percent increase in the preceding month.

The EU measure of harmonized index of consumer prices, or HICP, rose 0.6 percent annually in April, following a 0.5 percent increase in the prior month.

On a monthly basis, HICP rose 0.5 percent in April, after a 0.1 percent fall in the previous month.

Separate data from the statistical office showed that the producer prices declined 16.1 percent annually in April, following a 12.6 percent decrease in March. Prices declined for the eleventh straight month.

On a monthly basis, producer prices fell 3.3 percent in April, following a 7.5 percent decrease in the preceding month.

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