RTTNews - Friday, the Statistics Norway said in a report that the consumer price index climbed 3.4% year-on-year in June, faster than a 3% rise in the preceding month. Economists expected the increase to be 3%.

On a monthly basis, the CPI was up 0.6% in June compared to a 0.2% increase in May. Economists anticipated a 0.1% rise. In the first six months of the year, consumer prices were up 2.8% from last year.

Separately, the statistical office said the harmonized index of consumer prices rose 3.5% annually in June, faster than a 2.9% rise in May. Compared to the previous month, the HICP was up 0.6%.

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