In December, consumer prices added 0.5% over the previous month, exceeding both the 0.2% price rise observed in November and the 0.1% increase tallied in December 2009. The reading mostly reflected higher prices for transport (+1.5% month-on-month), due to higher prices for liquid fuels, as well as higher prices for food and non-alcoholic beverages (+0.7% mom). Owing to the price spike, annual inflation jumped to 2.9% (November: 2.5%), which represented the highest level since December 2008. Annual HICP inflation (as measured by the harmonised index of consumer prices) also rose from 2.4% in November to 2.8% in December, driving the annual average HICP inflation rate to 1.7%. In its most recent Economic Outlook Bulletin published in October, the Central Bank projects HICP inflation to average 1.6% this year and to accelerate further to average 1.9% next year.
Inflation reaches two-year high
January 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.