Norway CPI rises 3.6% y/y, core at 2.7%

Norwegian headline inflation accelerated to 3.6% y/y in October, up from prior months, while core inflation held at 2.7%. Food prices rose 1.6% y/y but fell 0.4% m/m. The data suggests persistent price pressures, likely reinforcing Norges Bank's cautious stance on rate cuts.

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