Finland Inflation July 2020


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.

FocusEconomics Consensus Forecast panelists expect CPI inflation to average 0.3% in 2020, which is down 0.1 percentage points from last month’s estimate. In 2021, our panelists see inflation averaging 1.2%.

Author:, Junior Economist

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Finland Inflation Chart

Finland Inflation July 20 20

Note: Month-on-month seasonally adjusted and year-on-year variation in %.
Source: Statistics Finland.

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