To increase For example, average mortgage interest rates and the price of overseas package tours led to higher inflation in Finland in December.
Statistics Finland released data on Monday revealing that consumer prices rose by 3.6% year-on-year in December, and by 0.3 percentage points from the previous month. Prices rose slightly by 0.3% compared to the previous month, due to increases in electricity costs and international flight tickets.
After a period of low inflation in 2021, inflation began to accelerate, eventually peaking at 9.1% in November and December 2022.
Statistics Finland reported that consumer prices rose compared to the previous year, due in particular to increases in average interest rates on mortgages, interest rates on consumer loans and prices of package tours outside the EU. Mortgage interest rates contributed 2.1 percentage points to the year-on-year change in prices.
Consumer prices were suppressed, particularly by falling prices for electricity, housing company housing, and single-family homes, and electricity prices kept inflation to about 1 percentage point.
According to Statistics Finland, consumer prices changed by an average of 6.2% last year compared to the previous year. Therefore, prices have increased by more than 20% since 2015.
Aleksi Teivainen – HT