Norway's anticipated interest rate cut in March is now uncertain due to unexpected inflation spikes.

Recent data from Statistics Norway revealed a 3.6% price increase over the past year, with food prices soaring by 7.5%.

Economists highlight that low unemployment, a strong housing market, and higher-than-expected wage growth are also contributing factors.

Central Bank Governor Ida Wolden Bache faces mounting pressure to delay the rate cut, initially planned for March 27. Experts now predict the first cut may be postponed to September.

The inflation surge, driven by food and energy costs, has left many Norwegians struggling with rising living expenses.