Norway's consumer price inflation eased to a three-month low in May, while core inflation accelerated to its highest level since January, data from Statistics Norway showed Wednesday.
Consumer prices grew 3.1% on a yearly basis in May, following April's 3.4% increase. This was the lowest level seen since February, when inflation stood at 2.7%.
The inflation figures were in line with expectations.
Meanwhile, consumer prices adjusted for tax changes and excluding energy products advanced 3.4%, faster than the 3.2% rise seen in April.
It was also the strongest rise seen since January.
Food and non-alcoholic beverages prices grew 3.4% and alcoholic beverages and tobacco prices gained 3.0%. Housing and other utility costs climbed 2.8% and clothing and footwear prices rose 1.8%.
On a monthly basis, consumer prices moved up 0.2% and core consumer prices climbed 0.4%.
