Tag: Core inflation
Inflation returned to a moderate level in January at 3.3 percent
“Annual inflation for 2023 averaged 6.2%, which means a significant drop from peak figures,” stated. Kristiina NieminenSenior statistician at Statistics Finland. In January, prices rose the most in consumer and mortgage interest rates, prices of international ready-made trips, district heating and property maintenance service fees. The increase in mortgage and consumer loan interest rates affected…
Finland reaches the bottom in The Economist's budget of 35 countries
The Economist's analysis was extensive and careful, looking at a number of economic indicators such as inflation, the breadth of inflation, GDP growth, employment growth and stock market performance. These indicators provide a comprehensive picture of the economic vitality and sustainability of nations. In stark contrast to the strong development of many other countries, Finland's…
Basic interest rates remain unchanged
The Monetary Policy Committee of the Central Bank of Iceland (Seðlabanki) has decided to keep the bank’s interest rates unchanged. The bank’s main interest rate, i.e. the seven-day fixed deposit rate, will therefore remain at 9.25%. Inflation in October decreased slightly on a monthly basis and amounted to 7.9%. Core inflation also weakened. There are…
The US dollar falls below the 100 mark as inflation slows
NEW YORK, July 13 (Xinhua) — The U.S. dollar suffered significant losses on Thursday, falling below the 100 mark for the first time since April 2022, as the U.S. producer price index (PPI) for June showed that U.S. inflation was cooling. The dollar index, which measures the greenback against six major peers, fell 0.75 percent…
Beyonce blames the increase in inflation in the EU country
Concerts with the American R&B superstar may have affected Swedish inflation last month, a chief economist at Danske Bank said Swedish inflation fell less than expected in May, as Beyonce fans flocked from all over the world to her concerts in Stockholm, which possibly led to an increase in hotel and restaurant prices, data published…
Inflation is falling, but food prices face another obstacle: the nearly three-week drought
Inflation fell for the seventh consecutive month in May, This was confirmed by Statistics Denmark this morningand it’s another sunny day with plenty more to come – but it’s not all rosy in the Kingdom of Denmark. Farmers are warning that the ongoing drought, which will be three weeks long on Wednesday, will hit consumers…
Inflation is falling, property prices are rising – but the cost of living is still rising
That’s good news if you’re a homeowner and worried that you won’t be able to pay your bills. First, house prices have surprisingly risen for the second month in a row. And core inflation (everything excluding energy and food) has just fallen for the sixth month in a row: down from 6.4 to 6.1 percent…
Inflation in Finland: Prices continue to rise despite the slowdown
In March, Finland’s inflation rate, i.e. the annual change in consumer prices, was 7.9 percent. In February, inflation was 8.8 percent, which means that the increase in prices slowed down significantly on an annual basis. The slowdown is mainly due to the decrease in the prices of gasoline and other fuels compared to last year.…
Sweden’s housing crisis deepens – Bloomberg
The Nordic country’s real estate market is among the worst affected globally, says the outlet Swedish house prices continued to fall in March as stubborn inflation and rising borrowing costs prolong a crisis in the country’s housing market. House prices in the biggest Nordic economy fell 0.8% last month, data from state-owned mortgage institute SBAB…
Inflation on the rise in Finland: a long battle to tame prices ahead, warns the chief economist
Although prices may not continue as quickly as in February, the continuation of inflationary pressures is a major economic risk. The high price of electricity, food and increased loan interest rates were the main factors of annual inflation. Food and non-alcoholic drinks prices rose by a record 16.3% compared to last year, while monthly inflation…
OP: Finland will sink into a mild recession in 2023
“We are looking at a couple of years of interminably slow development rather than a clearly defined recession and rapid recovery,” he said. press release on Tuesday. According to OP, the recession affects the economy widely and makes it difficult for exports, private consumption and investments. The value of exports grew at an almost unprecedented…
The interest rate goes up
The Monetary Policy Committee of the Central Bank of Iceland decided to raise the bank’s interest rate by 0.25 percentage points. The main interest rate of Seðlabanki, the interest rate on seven-day deposits, will therefore be 1.25%, we read in the announcement on the institution’s website. The economic outlook improved from the bank’s previous forecast.…