Investing.com -- Norway’s core inflation rate, which excludes fluctuating energy prices and taxes, showed a larger-than-expected decrease in April, according to data released by Statistics Norway (SSB) on Friday.
In April, the core inflation was recorded at 3.0% year on year, a drop from the 3.4% reported in March.
This figure is also lower than the 3.2% that analysts had anticipated, as per a poll.
Norges Bank, the central bank of Norway, had also forecasted a core inflation rate of 3.2% for April.
The actual rate, however, was lower, indicating a slowdown in inflation more than what was initially expected.
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