Norway has experienced a noticeable increase in core inflation, with monthly rates rising for the first time in a year.

The underlying consumer-price growth, which excludes volatile items like energy, reached 3% year-on-year last month, surpassing economists' median forecast of 2.8%. This increase follows a period of slowdown that began in November.

The latest data supports projections from Norges Bank, suggesting that there will be no interest-rate cuts until at least March. The announcement from the statistics office indicates a shift in the inflationary trend, which could have significant implications for future monetary policy.