In January, consumer prices increased 0.4% over the previous month, which came in a notch below December's 0.5% price rise. The reading was mostly driven by higher prices for food and non-alcoholic beverages (+1.1% month-on-month). According to Statistics Finland, the increase was mainly the result of a new tax on sweets and soft drinks. Similarly, utilities prices also rose markedly, as the tax on electricity was increased. Owing to the relatively strong price rise, annual inflation inched up to 3.0%. Annual HICP inflation (based on the harmonised index of consumer prices) followed suit, rising from 2.9% in December to 3.1% in January, pushing annual average HICP inflation up a notch to 1.8%. 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
February 18, 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.