Finland's rate of inflation dropped to 3.3 percent in January, according to the latest Consumer Price Index published by Statistics Finland.
The year-on-year rise in consumer prices had stood at 3.6 percent in December. Statistics Finland noted that the corresponding figure for January last year was 8.4 percent.
The data-crunching agency noted that the inflation rate in Finland has been falling steadily since hitting a peak of 9.1 percent in December 2022.
"The rising of consumer prices from one year back was curbed most by reductions in the prices of electricity, children's daycare and petrol," the statement said.
Many consumers received massive electricity bills during January, due to the cold weather snaps, but Statistics Finland's data refers to the average price.
The 3.3 percent rise was however driven by "increases in average interest rate on housing loans, consumer credits and the prices of package international holidays", Statistics Finland's report said.
Overall, the average rate of inflation last year was 6.2 percent, which represents a slight drop on the figure for 2022.
Investment in Finland declines
Some 247 foreign companies invested in Finland last year, according to figures supplied by the state-owned investment agency Business Finland.
The figure for 2023 represents a significant decrease on the previous two years, which saw investment from 330 companies in 2021 and 300 firms in 2022.
The agency's report also noted that in addition to new investments, the number of expanded investments by foreign-owned companies already established in Finland fell to 135.
The largest number of foreign direct investments came from Sweden, the United Kingdom and Norway, with the United States falling back to fifth place in the investment rankings.
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