Inflation drops slightly in December

The year-on-year change in consumer prices was 0.7 per cent in December 2024, according to Statistics Finland.

In November, inflation stood at 1.0 per cent. The decrease of inflation from November to December was caused by lower average interest rate on housing loans and lower prices of electricity and diesel.

Consumer prices were raised most in December 2024 by increases in maintenance charges, prices of cigarettes and general hospital fees from one year ago.

The month-on-month change of consumer prices was minus 0.1 per cent, which was caused by lower average interest rate on housing loans.

The core inflation of Consumer Price Index was 1.3 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.