Finland Inflation June 2020

Finland

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.

FocusEconomics Consensus Forecast panelists expect CPI inflation to average 0.4% in 2020, which is unchanged from last month’s estimate. In 2021, our panelists see inflation averaging 1.2%.


Author:, Economist

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Finland Inflation June 20 20 0

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


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