Finland: Consumer prices rise in June
July 14, 2020
Consumer prices rose 0.19% from the previous month in June, swinging from the 0.02% fall seen in May. June's figure was the sharpest increase in prices since February. The rebound was broad-based with greater price pressures for housing, water, electricity, gas and other fuels, transportation, and food and non-alcoholic beverages. Prices for recreation and culture goods also gained steam.
Consumer prices remained unchanged on an annual basis in June, improving from May’s 0.2% decrease. However, the trend pointed down mildly, with annual average inflation coming in at 0.6% in June (May: 0.7%). Lastly, harmonized consumer prices rose 0.3% in June, contrasting the 0.1% decrease in the previous month.
Author: Stephen Vogado, Economist