The price of coffee in international commodity markets hit its highest level this week, reports Helsingin Sanomat.
Futures for Arabica coffee rose by 5.5 percent on Tuesday, marking the largest jump since the 1970s. The rise is attributed to production problems in Brazil and Vietnam caused by adverse weather conditions.
This is bad news for coffee-loving Finns.
On Wednesday, the listed price for a package of light roast Juhla Mokka was 7.15 euros in S- and K-chain stores, with slightly higher prices in smaller K outlets.
"People are really stocking up," coffee researcher Tuija Saarinen-Härkönen told HS, adding that elderly people living in rural areas were most likely to feel the pinch of coffee inflation.
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Taste for Temu
Finnish Christmas shoppers are flocking to Temu, a Chinese shopping platform.
According to a survey by the marketplace Tori, reported by Hufvudstadsbladet, nearly one in 10 Finns plan to purchase gifts from the app, which is renowned for its deep discounts.
This year, nine percent are buying Christmas presents from Temu, up from seven percent last year.
Finnish Customs describes the rapid surge in cheap packages arriving from China as "explosive".
'Temu' has been one of the most searched-for terms in Finland this year, according to Google. A recent survey suggested that the e-commerce outfit is most popular with older people. While Temu has grown in popularity among all age groups, it is most popular among those aged 65-79.
Wage woes
Kauppalehti looks at how employers are resisting a proposed 10 percent wage increase.
Last month, Finland's largest labour federation, SAK, announced its goal of securing 10 percent wage increases in the upcoming collective bargaining negotiations — equivalent to roughly 200 euros more per month for workers.
Critics like metal products company Meconet's CEO have called this target "impossible". Union representatives, however, see the demand as a strategic starting point for negotiations, as they aim for a significantly better outcome for workers than previous rounds.
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