Finland: Inflation decelerates in March
April 15, 2019
Consumer prices rose 0.1% in March compared to the previous month, down from the 0.5% rise in February. The overall increase was due to more expensive clothing and footwear, and housing, water, electricity, gas and other fuels. On the flip side, and dampening the overall increase in March, was food and non-alcoholic beverages becoming cheaper. The Harmonized Index of Consumer Prices (HICP)—which does not include certain factors such as the vehicles tax or fishing and hunting fees—also showed a 0.1% increase in March, down from the 0.6% rise in February.
Inflation decelerated to 1.1% in March from 1.3% in February. HICP inflation, meanwhile, ticked up to 1.2% from 1.1%.
Author: Edward Gardner, Economist