Monday, the Statistics Norway announced that the consumer price index or CPI rose 2.9% year-over-year in April, larger than the 2.5% increase in the previous month. Economists were looking an increase of 2.6%.

On a monthly basis, the CPI increased 0.2% in April.

For the January to April period, consumer prices increased 2.5% compared to the same period of the previous year.

Meanwhile, the core consumer prices rose 2.7% year-on-year in April, slightly faster than the economists' consensus of 2.6%. On a monthly basis, core consumer prices were up 0.3% in April.

Separately, the statistical office said the harmonized index of consumer prices rose 2.9% annually in April, compared with a 2.6% increase in March. The HICP was up 0.4% compared to the previous month.

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