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Norway: Inflation is rearing its ugly head
Fri, May 9 2008, 12:56 GMT
by Arne Lohmann Rasmussen
Norwegian core inflation rose to 2.4% in April from 2.1% in March. We and consensus had expected a reading of 2.3%. Norges Bank had only expected a reading of 2.2% in April. The headline was lower than expected at 3.1%. The reason was a drop in electricity prices that does not matter much for the central bank.
Published on Fri, May 9 2008, 12:57 GMT
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