Finland: Inflation comes in at highest level since February 1990 in May
June 14, 2022
Consumer prices increased 1.31% over the previous month in May, accelerating from the 0.32% rise logged in April. The acceleration was broad-based, with greater price pressures recorded for housing, water, electricity, gas and other fuels, transportation, and food and non-alcoholic beverages.
Inflation came in at 7.0% in May, which was up from April’s 5.7%. May's result was the highest inflation rate since February 1990. Meanwhile, the trend pointed up, with annual average inflation coming in at 3.9% in May (April: 3.5%). Lastly, harmonized inflation rose to 7.1% in May, from April’s 5.8%.