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Investing.com -- Norway’s annual core inflation rate remained at 3.1% year-on-year in July, matching the June reading, according to data released by Statistics Norway (SSB) on Monday.
The July figure came in slightly above analyst expectations of 3.0% year-on-year.
Core inflation, which excludes changing energy prices and taxes, is a key indicator watched by monetary policymakers.
Despite the unchanged inflation reading, the data still supports forecasts that Norway’s official interest rates will continue to decline through the remainder of 2025.
The inflation figures are closely monitored as they influence the central bank’s monetary policy decisions in the coming months.
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