Finland Inflation June 2021

Finland

Finland: Inflation falls to lowest level since March in June

June 14, 2021

Consumer prices dropped 0.05% in June over the previous month, contrasting the 0.15% rise seen in May. June's result marked the first decline in prices since November 2020. Looking at the details of the release, the result was largely due to prices for food and non-alcoholic beverages declining at a sharper rate, while prices for transport also dropped in June.

Inflation fell to a three-month low in June, coming in at 2.0% (May: 2.2%). Meanwhile, the trend pointed up, with annual average inflation coming in at 0.9% in June (May: 0.7%). Lastly, harmonized inflation came in at 1.9% in June, which was below May’s 2.3%.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.3% in 2021, which is up 0.1 percentage points from last month’s estimate. In 2022, our panelists see inflation averaging 1.3%.


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Finland Inflation June 2021

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


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