Finland: Inflation jumps to over eight-year high in April
May 14, 2021
Consumer prices increased 0.37% in April over the previous month, accelerating from March’s 0.24% rise. Looking at the details of the release, the uptick was largely due to higher prices for housing, water, electricity, gas and other fuels, as well as for transport, and for recreation and culture.
Inflation jumped to 2.1% in April, markedly up from March’s 1.3%. While April’s result is partly due to a low base effect, it marked the highest inflation rate since December 2012. Consequently, the trend pointed up, with annual average inflation coming in at 0.6% in April (March: 0.4%). Lastly, harmonized inflation came in at 2.1% in April, up from March’s 1.3%.