Finland Inflation


Inflation edges up in November

In November, consumer prices rose 0.2% over the previous month, exactly half the 0.4% increase recorded in October. Food prices were up 0.9% from October, while prices for communication partially offset this rise, falling 0.7%. The rate of annual inflation stepped up from 2.3% in October to 2.5% in November. Annual HICP inflation (as measured by the harmonised index of consumer prices) rose from 2.3% in October to 2.4% in November, which drove the annual average HICP inflation rate up a notch to 1.6%. In its most recent Economic Outlook Bulletin published in October, the Central Bank projects inflation to average 1.6% this year and to accelerate further to an average of 1.9% next year.

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