Finland: Consumer prices increase in July
August 14, 2020
Consumer prices increased 0.4% in month-on-month terms in July, after June’s 0.2% rise. July’s figure was the sharpest increase in prices in eleven months. The reading was largely due to greater price pressures for health, alcoholic beverages and tobacco, and recreation and culture. However, prices for food and non-alcoholic beverages, and household equipment decreased.
Consumer prices rose 0.6% on an annual basis in July, after June’s flat reading, which marked the highest print in four months. Meanwhile, the trend remained unchanged with annual average inflation coming in at June’s 0.6 in July.
Author: Marta Casanovas , Junior Economist