In February, consumer prices added 0.6% over the previous month, which came in above the 0.4% price rise recorded in January. The figure reflected higher prices for food and non-alcoholic beverages (+2.2% month-on-month) as well as for clothing and footwear (+2.6% mom). As a result, annual inflation accelerated for the eighth consecutive month, rising from 3.0% in January to 3.3%. Annual HICP inflation (based on the harmonised index of consumer prices) followed suit, rising from 3.1% in January to 3.5% in February, well above the European Central Bank's (ECB) target of close to, but below 2.0%. Owing to the robust reading, annual average HICP inflation inched up to 1.9%. In its most recent Economic Outlook Bulletin from October, the Central Bank projected HICP inflation to average 1.6% this year and to accelerate further to average 1.9% in 2012.
Inflation accelerates further
March 14, 2011
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Finland Economic News
October 14, 2016
The current account posted a EUR 166 million deficit in August, according to Statistics Finland.
October 14, 2016
In August, economic activity fell a working-day adjusted 0.1% over the same month last year, according to the Monthly Trend Indicator of Output.
September 15, 2016
In July, economic activity expanded a working-day adjusted 1.5% over the same month last year, according to the Monthly Trend Indicator of Output.
September 6, 2016
The Finnish economy recorded flat growth in Q2 over the previous quarter in seasonally-adjusted terms, which represented a slowdown from Q1’s 0.3% expansion, according to preliminary data released by Statistics Finland on 6 September.
August 15, 2016
The current account posted a EUR 219 million deficit in June according to Statistics Finland.