Wednesday, the Statistics Norway announced that the consumer price index or CPI rose 2.5% year-over-year in March, marking the same pace as in the previous month. Consumer price inflation in March came in line with economists' expectations.

On a monthly basis, the CPI increased 0.1% in March, slower than the 0.8% increase in the previous month. Economists were looking for an increase of 0.2%.

Meanwhile, the core consumer prices rose 2.7% year-on-year in March, slower than the expected rate of 2.8%. On a monthly basis, core consumer prices were up 0.3% in March, while economists expected 0.4% rise.

Separately, the statistical office said the harmonized index of consumer prices rose 2.6% annually in March, slower than the 2.8% increase in February. The HICP was up 0.1% compared to the previous month.

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