Finland Inflation July 2019

Finland

Finland: Inflation slows in July

August 14, 2019

Consumer prices fell 0.3% in July compared to the previous month, contrasting the 0.1% increase in June. The decrease was partly due to cheaper food and non-alcoholic beverages, and furnishings, household equipment and household maintenance.

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 decreased 0.3% in July from the previous month, contrasting flat growth in June.

CPI inflation slowed to 0.8% in July, down from 1.0% in June, while HICP inflation eased to 1.0% from 1.1%.

FocusEconomics Consensus Forecast panelists expect CPI inflation to average 1.2% in 2019, which is unchanged from last month’s estimate. In 2020, our panelists see inflation averaging 1.5%.


Author:, Economist

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Finland Inflation Chart


Finland Inflation July 2019

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


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