March Chills Out with Inflation Dipping to 2.2%

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Inflation drops to 2.2% in March

The year-on-year change in consumer prices was 2.2 per cent in March, according to Statistics Finland.

In February, inflation stood at 3.0 per cent. The decrease of inflation from February to March was caused by a milder rise in average interest rate on housing loans and by lower prices of electricity, for example.

Consumer prices were raised most in March by increases in average interest rate on housing loans, consumer credits and the prices of package international holidays outside the EU from one year ago.

The rising of consumer prices from one year back was curbed most by reductions in the prices of electricity, children's day care and vegetables.

The month-on-month change of consumer prices was minus 0.1 per cent, which was mostly caused by lower prices of electricity.

The core inflation of Consumer Price Index was 4.0 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.

According to the preliminary data on the Harmonised Index of Consumer Prices (HICP), the rate of inflation in the euro area was 2.4 per cent in March. In February, it stood at 2.6 per cent. The corresponding figure for Finland was 0.5 per cent in March.

Source: www.dailyfinland.fi

12 Comments
  1. Emily_R says

    It’s interesting to see the decrease in inflation from February to March. Lower prices of electricity and a milder rise in average interest rates seem to have played a significant role in this. It will be important to monitor if this trend continues in the coming months.

  2. EmmaJones says

    Was the decrease in inflation mainly driven by the lower prices of electricity, or were there other significant factors at play according to the report?

    1. PeterSmith says

      Hi EmmaJones, according to the report, the decrease in inflation in March was indeed influenced by lower electricity prices, but other factors such as a milder rise in average interest rates on housing loans also played a significant role in the cooling off of inflation. It’s a combination of various factors impacting the overall consumer prices. Hope this clarifies your question!

  3. EmilySmith_89 says

    It’s interesting to see how the inflation rate has cooled off to 2.2% in March. The various factors contributing to this decrease, such as the lower prices of electricity and milder rise in housing loan rates, highlight the dynamic nature of the economy. It will be important to monitor the trend in the coming months to assess its impact on consumer spending and overall economic stability.

  4. EmmaJohnson says

    It’s reassuring to see inflation cooling off to 2.2% in March. The decrease in inflation from February is a positive sign, especially with the milder rise in housing loan interest rates and lower electricity prices. It’s crucial for maintaining a stable economy. Let’s hope this trend continues in the coming months.

  5. Emily_1987 says

    Did the decrease in inflation in March have any significant impact on the overall economic outlook?

    1. MarkSmith_1985 says

      Yes, the decrease in inflation in March could have a positive impact on the overall economic outlook. A milder rise in interest rates on housing loans and lower electricity prices can contribute to increased consumer spending and savings, which may stimulate economic growth. However, it’s essential to monitor other economic indicators to assess the full impact of the inflation decrease.

  6. SarahJohnson says

    How will the decrease in inflation impact the overall economy in March?

    1. JohnSmith says

      The decrease in inflation will likely have a positive impact on the overall economy in March. With lower consumer prices, there may be increased consumer spending as people feel they can get more for their money. This can lead to a boost in economic activity and potentially stimulate growth in various sectors. Additionally, businesses may benefit from lower production costs due to reduced price pressures. Overall, a decrease in inflation could contribute to a healthier economic environment.

  7. Emily_Smith says

    It’s encouraging to see the inflation rate dipping in March. Hopefully, this trend continues to positively impact consumer spending and economic stability.

  8. EmilySmith says

    It’s great to see inflation dipping to 2.2% in March. The decrease was influenced by various factors like lower electricity prices and a milder rise in housing loan interest rates. Let’s hope this trend continues to benefit consumers.

  9. EmilySmith says

    It’s great to see inflation dipping to 2.2% in March. Hopefully, this trend continues with the milder rise in interest rates and lower electricity prices. Consumers will benefit from this decrease in the cost of living.

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