Consumer costs rose by a median of seven.1 % in Finland in
2022, the very best enhance in 40 years, Statistics Finland mentioned on
Friday, Trend
studies citing Xinhua.
“Inflation in 2022 was distinctive in comparison with … previous many years.
Similar figures have been final seen within the early Nineteen Eighties,” mentioned Kristiina
Nieminen, chief actuary at Statistics Finland.
The earlier inflation file for the twenty first century was set
through the world monetary disaster in 2008, when shopper costs
rose by a median of 4.1 %.
Nieminen mentioned that the present enhance in shopper costs started
within the second half of 2021, and subsequently the Ukraine disaster and
associated worldwide sanctions meant costs started to rise steadily
in May, peaking in December final 12 months.
Inflation in 2022 was primarily accelerated by a rise in mortgage
rates of interest, and surging meals and power costs.
However, on account of declining gas costs the month-to-month change in
shopper costs from November to December was solely -0.1 %,
in response to the Finnish statistical company.
The year-on-year change in shopper costs calculated by
Statistics Finland was 9.1 % in December. Meanwhile, in
November inflation additionally stood at 9.1 %.
Based on present worth developments, Nieminen mentioned {that a} legacy
of inflation can be carried over from 2022 to 2023. “If nothing
modified, this 12 months’s common inflation can be round 3.5
%,” she added.
