Power price, interest rate hike keep inflation at 9.1% in Dec

The year-on-year change in consumer prices was 9.1 per cent in December, according to Statistics Finland.

In November, inflation stood also at 9.1 per cent. In 2022, the average inflation rate was 7.1 per cent.

Consumer prices were raised most in December by increases in the prices of electricity, average interest rate on housing loans and consumer credits as well as increases in the prices of diesel from one year ago.

The rising of consumer prices from one year back was curbed most by reductions in the prices of non-refundable prescription medicines.

The month-on-month change of consumer prices was minus 0.1 per cent, which was caused by lower prices of petrol and diesel, for example.