Finland: Inflation inches lower in February
March 13, 2020
Consumer prices rose 0.3% in February compared with the previous month, reversing January’s 0.3% downtick. The increase largely reflected higher prices for clothing and footwear, food and non-alcoholic beverages, and alcoholic beverages and tobacco, which more than offset lower prices for housing and utilities.
Inflation dropped slightly to 0.8% in February from 1.0% in the prior month. Meanwhile, annual average inflation remained unchanged in the month, matching January’s 1.0% reading. Lastly, harmonized inflation back down to 1.1% in February from 1.2% in the previous month.
Author: Stephen Vogado, Economist