Finland’s consumer prices dropped at a slower pace as expected in February, figures from Statistics Finland showed Friday.
The consumer price index declined 0.1 percent year-on-year in February in January after the 0.2 percent decrease in the previous month. This was in line with the consensus estimate.
This marked the second successive month of decline in prices.
Prices of food and non-alcoholic beverages fell 2.4 percent annually in February and transport costs plunged by 3.2 percent.
Meanwhile, heavily weighed housing, water, electricity, gas and other fuels prices grew 0.9 percent.
On a monthly basis, consumer prices climbed 0.3 percent in February, faster than the 0.2 percent growth expected by economists. In the previous month, prices had declined 0.7 percent.
The harmonized index of consumer prices also declined 0.1 percent year-on-year while it rose 0.3 percent over the previous month.
The material has been provided by InstaForex Company – www.instaforex.com