Inflation drops slightly in April

The year-on-year change in consumer prices was 1.9 per cent in April, according to Statistics Finland.

In March, inflation stood at 2.2 per cent. The decrease of inflation from March to April was caused by a milder rise in average interest rate on housing loans and consumer credits, for example.

Consumer prices were raised most in April from one year ago by increases in average interest rate on housing loans, consumer credits and the prices of package international holidays outside the EU.

The rising of consumer prices from one year back was curbed most by reductions in the prices of electricity, children's day care and owner-occupied flats.

The month-on-month change of consumer prices was 0.0 per cent.

The core inflation of Consumer Price Index was 3.3 per cent. Core inflation does not include food and energy price changes, as the short-term price fluctuations in these are higher compared to other commodity groups.

According to preliminary data, inflation in the euro area was 2.4 per cent in April 2024