Finland Consumer Price Inflation Slows In January

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7:17 GMT

Feb 2009

Finland Consumer Price Inflation Slows In January

(RTTNews) - Friday, the Statistics Finland announced that the consumer price index, or CPI rose 2.2% year-over-year in January, slower than the 3.5% increase recorded in the previous month. Economists were looking for an increase of 2.7%.

Month-on-month, the CPI dropped 0.2% in January, after falling 0.3% in December. This was mainly due to fall in clothing sales and reductions in interest rates.

The harmonized index of consumer price or HICP rose 2.5% on an annual basis in January and it rose 0.3% compared to the previous month.

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