Finland: Inflation edges up in November
December 14, 2010
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.
Author: Armando Ciccarelli, Head of Data Solutions