Norway's consumer price inflation eased to a three-month low in May, while core inflation accelerated to its highest level since January, data from Statistics Norway showed Wednesday.
Consumer prices grew 3.1 percent on a yearly basis in May, following April's 3.4 percent increase. This was the lowest since February, when inflation was 2.7 percent. Moreover, inflation came in line with expectations.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.