Inflation in Norway accelerated more than expected in March, data released by the Statistics Norway showed Wednesday.
The consumer price index rose 1.4 percent year-on-year in March following a 1 percent gain in the previous month. Economists expected the rate of inflation to rise to 1.3 percent.
On a monthly basis, the CPI rose 0.3 percent, slower than the expected 0.4 percent rise. This followed a 0.1 percent month-on-month fall in February.
The core CPI, that excludes energy products and tax changes, rose 0.9 percent annually in March. This was expected to rise 1.1 percent. Month-on-month, the core measure rose 0.2 percent, slower than 0.4 percent increase expected.
In another report, the statistical office said that the harmonized index of consumer prices (HICP) increased 1.1 percent year-on-year in March following a 0.6 percent rise in February. Month-on-month, the index rose 0.4 percent.
Separately, Statistics Norway reported that the producer price index rose 0.9 percent month-on-month in March, but fell 3.4 percent on an annual basis.
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