Finland Inflation June 2022

Finland

Finland: Inflation comes in at highest level since our records began

July 14, 2022

Consumer prices rose 0.72% in June over the previous month, a smaller increase than May's 1.31% increase. The cooling of price pressures was primarily due to a softer rise in prices for housing, water, electricity, gas and other fuels.

Inflation came in at 7.8% in June, which was up from May’s 7.0%. June's result was the highest inflation rate since our current records began in 1990. Meanwhile, the trend pointed up, with annual average inflation coming in at 4.4% in June (May: 3.9%). Lastly, harmonized inflation rose to 8.1% in June, from the previous month's 7.1%.

FocusEconomics Consensus Forecast panelists see harmonized inflation averaging 5.0% in 2022, which is up 0.3 percentage points from the prior month’s projection, and 2.1% in 2023.


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Finland Inflation June 2022

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


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