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(Action Economics) - 11-Apr-11 08:24 -Norwegian March inflation data were mixed, with PPI rising to a 21.4% y/y pace, up from 21.2% in February, while core CPI ebbed to 0.8% y/y from 0.9% y/y in the month prior and the headline CPI figure coming in at an unchanged 1.0% y/y.
The Norges Bank targets core inflation at 2.5%, though the central bank is forecasting inflation to pick up and has signalled that it intends to lift interest rates from the current 2.0% level by mid-year.
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