Finland: Inflation jumps to over 13-year high in January
Consumer prices increased 1.21% from the previous month in January, swinging from the 0.07% decline logged in December. January’s result marked the strongest increase in prices in 31 years. The uptick was largely due to price increases for food and non-alcoholic beverages, for transport, as well as for housing and utilities.
Inflation jumped to 4.4% in January, which was up from December’s 3.5%. January’s inflation was the highest since October 2008. Annual average inflation rose to 2.5% in January (December: 2.2%). Lastly, harmonized inflation climbed to 4.0% in January, up from December’s 3.2%.