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Inflation in Finland drops slightly while Eurozone sees dip to two-year low

Inflation cooled slightly this month in Finland.

Ihmisiä Helsingin Kauppatorin tuntumassa.
Inflation in Finland slowed by 0.1 percent this month, according to the number crunchers at Statistics Finland. Image: Henrietta Hassinen / Yle
Yle News,

Inflation in Finland, as measured by the year-on-year change in the harmonised consumer price index, was 3 percent in September, a very slight drop from the rate of 3.1 percent recorded in August.

Prices for culture and leisure goods and services rose the most, by over six percent compared to the same time last year, according to preliminary figures from Statistics Finland. Restaurant and hotel prices also experienced a clear increase compared to a year ago.

StatFi's consumer price index does not take into account mortgage interest rates.

Eurozone inflation drops to two-year low

Eurozone inflation in September meanwhile dipped to a two-year low, suggesting that the European Central Bank's (ECB) interest rate increases in recent years are finally starting to cool the bloc's overheated economy.

The EU's statistics office, Eurostat, on Friday said it anticipated 4.3 percent Eurozone inflation in September — the lowest figure since August 2021. This past August, inflation in the bloc still stood at 5.2 percent.

These figures are likely to instill confidence within the ECB that they have raised interest rates sufficiently to bring inflation back in line with their target of two percent by 2025.

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