Finland: Inflation ebbs in April from March
Latest reading: Harmonized consumer prices increased 2.4% in annual terms in April, following a 2.5% increase in the prior month.
Relative to the previous month’s data, there were reduced price pressures for housing and utilities (+1.7% on a year-on-year basis vs +5.5% in March), recreation (+1.0% vs +2.1% in March) and restaurants and hotels (+2.3% vs +2.5% in March). In contrast, there were more notable price pressures for food and non-alcoholic beverages (+1.7% vs +0.5% in March) and transportation (+5.5% vs +3.2% in March).
Meanwhile, consumer prices rose 1.5% on a year-on-year basis in April, following a 1.3% increase in the prior month.
Lastly, harmonized consumer prices were up 0.03% in April on a month-on-month basis, following a 0.84% rise in the previous month.