News
The article is more than 3 years old

Inflation hits 9.1% in November

Consumer price increases are running higher than at any point since 1983.

Tomaattia ja kurkkua kaupan vihannesosastolla.
Fruit and veg are getting more and more expensive. Image: Henrietta Hassinen / Yle
  • Yle News
  • STT

Prices went up by 9.1 percent in November, according to the latest numbers from Statistics Finland.

That is an increase from the rate recorded in October, which was 8.3 percent. Increases in mortgage interest rates and electricity prices are part of the reason for the gathering pace of price rises.

Food prices are up some 16 percent year-on-year, with fish and cheese up by a quarter on average. Pork has increased in price by some 21 percent.

Excluding energy and other fluctuating commodities, base inflation was calculated at 5.3 percent in November compared to one year earlier.

Finland has announced some support for households struggling with energy bills, and politicians are set to discuss the possibility of a price cap on electricity.