Finland: Harmonized inflation dips in December
Latest reading: Harmonized inflation edged down to 1.6% in December from November’s 1.7%, remaining below both the ECB’s 2.0% target and the Euro area average of 2.4%. Looking at the details of the release, softer increases in prices for food, housing and hospitality outweighed a slower decline in transport costs.
The trend was unchanged, with annual average harmonized inflation coming in at November’s 1.0% in December. Meanwhile, consumer price inflation fell to 0.7% in December from November’s 1.0%.
Finally, harmonized consumer prices increased 0.07% in December over the previous month, swinging from the 0.28% drop logged in November.