Norway’s Surprise Inflation Jump Cuts Chances of More Easing

Norway’s inflation unexpectedly accelerated last month, prompting analysts to pare back expectations of further easing from the country’s central bank.

Underlying consumer-price growth excluding energy rose to 3.4% in January, a three-month high, according to data from the statistics office on Tuesday. That contrasts with forecasts for a slowdown in price growth by economists and the central bank.