Finland: Inflation inches higher in January
February 19, 2020
Consumer prices shrank 0.3% in January compared with the previous month, reversing December’s 0.1% uptick. The decrease largely reflected lower prices for clothing and footwear, transport, and recreation and culture, which more than offset higher prices for food and non-alcoholic beverages, and alcoholic beverages and tobacco.
Inflation inched up slightly to 1.0% in January from 0.9% in December. Meanwhile, annual average inflation remained unchanged this month, matching December’s 1.0% reading. Lastly, harmonized inflation ticked up to 1.2% in January from 1.1% in the month prior.
Author: Stephen Vogado, Economist