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Norway’s Inflation at 13-Year High Boosts Rate-Hike Pressure

  • Both headline and core inflation exceeded forecasts in April
  • Norges Bank has been one of the most hawkish among rich peers
Tramlines running through the center of Oslo, Norway.

Tramlines running through the center of Oslo, Norway.

Photographer: Fredrik Solstad/Bloomberg

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Norway’s inflation accelerated more than expected last month to a new 13-year high, raising pressure on the central bank to speed up its interest rate-hike plan to more than one increase per quarter.