Finland: Harmonized inflation in November comes in at highest level since our records began
Harmonized inflation rose to 9.1% in November, following Octobers 8.4%. November’s reading marked the highest inflation rate since our current records began. The pick-up was primarily due to increasing prices for food and non-alcoholic beverages. Likewise, price pressures for housing and utilities increased at a faster rate.
The trend pointed up, with annual average harmonized inflation coming in at 6.7% in November (October: 6.2%). Meanwhile, consumer price inflation rose to 9.1% in November, from the previous month’s 8.3%.
Lastly, harmonized consumer prices rose 1.16% in November over the previous month, accelerating from the 0.82% rise seen in October. November’s result marked the highest reading since May.