In September, consumer prices rose 0.4% over the previous month, which mirrored the reading recorded in August. The monthly price increase was mostly driven by higher food prices (+1.3% month-on-month), in particular for vegetables. Moreover, a rise in prices for clothing and footwear (+5.1% mom) owing to the end of the summer sales, also contributed to the monthly price increase. As a result of the relatively high monthly figure, annual inflation continued to trend upwards, rising from 1.2% in August to 1.4% in September. In the same vein, annual inflation as measured by the harmonised index of consumer prices (HICP), stepped up from 1.3% in August to 1.4% in September, which drove up the annual average harmonised inflation rate a notch to 1.4%. In its most recent Economic Outlook Bulletin published in September, the Central Bank projects inflation to average 1.6% this year and to accelerate further to an average of 1.9% next year.
Inflation continues to climb
October 14, 2010
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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.