Finland Inflation August 2019

Finland

Finland: Inflation accelerates in August

September 13, 2019

Consumer prices rose 0.4% in August compared to the previous month, contrasting the 0.3% decrease in July. The increase was due to higher prices for food and non-alcoholic beverages, clothing and footwear, and housing, water, electricity, gas and other fuels.

The Harmonized Index of Consumer Prices (HICP)—which does not include certain factors such as the vehicle tax or fishing and hunting fees—also showed prices rose 0.4% in August compared to the previous month, after decreasing 0.3% in July.

CPI inflation accelerated to 1.1% in August from 0.8% in July, while HICP inflation ticked up to 1.2% from 1.0%.

FocusEconomics Consensus Forecast panelists expect CPI inflation to average 1.2% in 2019, which is unchanged from last month’s estimate. In 2020, our panelists see inflation averaging 1.5%.


Author:, Economist

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Finland Inflation August 2019 0

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


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