Finland: Inflation slows in December
Consumer prices fell 0.1% in December, contrasting the flat reading for November. The decrease was due to cheaper clothing and footwear, communications, household furnishings, and transport. On the other hand, prices for recreation and culture, and food and non-alcoholic beverages rose. The Harmonized Index of Consumer Prices (HICP)—which does not include certain factors such as the vehicles tax or fishing and hunting fees—showed a 0.2% price decrease for December, contrasting the 0.1% rise in November.
Inflation decelerated to 1.2% in December from 1.3% in November. HICP inflation, meanwhile, slowed to 1.3% in December from 1.4% in November.