Finland Inflation July 2021

Finland

Finland: Inflation eases to four-month low in July

August 13, 2021

Consumer prices increased 0.33% in July over the previous month, swinging from the 0.05% fall seen in June, marking the strongest rise in prices in three months. The rebound was driven by rising prices for food and non-alcoholic beverages, as well as for housing, water, electricity, gas and other fuels and for transportation.

Inflation eased to a four-month low of 1.9% in July, following June’s 2.0%. Meanwhile, the trend inched up, with annual average inflation coming in at 1.0% in July (June: 0.9%). Lastly, harmonized inflation inched down to 1.8% in July from June’s 1.9%.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.5% in 2021, which is up 0.1 percentage points from last month’s estimate. In 2022, our panelists see inflation averaging 1.4%.


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Finland Inflation July 2021

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


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