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%.
Author: Edward Gardner, Economist