The underlying inflation in Norway is decreasing. Adjusted for energy prices, the annual price increase rate fell to 3.0 in April, down from 3.2 in March, according to new official statistics.
It was also lower than what economists had counted on.
Thus, the pressure on the Norwegian central bank is easing. The lower inflation makes a rate cut closer, in such cases down from the current rate of 4.5 percent.
Norway is struggling with rising food prices. In March, the western neighboring country, next to Turkey, had the highest food price inflation in all of Europe.
