Tuesday, April 15, 2008

Inflation Surge Pushes Prices up in Finland

Prices in Finland rose by an average 0.9 per cent in March, according to Statistics Finland. Prices rose very quickly. If the rate were to stay the same all year, the annual inflation rate would reach 11.3 per cent, up from 2.5 per cent for last year. The rate would be the highest seen in Finland since the 1970s. Under the price stability goals of the European Central Bank, inflation is seen to be under control if it is no more than two per cent a year.


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