Inflation drops slightly in November

The year-on-year change in consumer prices was 1.0 per cent in November 2024, according to Statistics Finland.

In October, inflation stood at 1.1 per cent. The decrease of inflation from October to November was caused by lower average interest rate on housing loans and lower prices of electricity, for example.

Consumer prices were raised most in November by increases in maintenance charges, prices of cigarettes and general hospital fees from one year ago.

The rising of consumer prices from one year back was curbed most by reductions in the average interest rate on housing loans and the prices of petrol and diesel.

The month-on-month change of consumer prices was minus 0.4 per cent, which was caused by lower prices of electricity and average interest rate on housing loans.

The core inflation of Consumer Price Index was 1.7 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.