Finland Inflation May 2019


Finland: Inflation slows in June

July 15, 2019

Consumer prices increased 0.1% in June compared to the previous month, contrasting the 0.2% fall registered in May. The increase was primarily due to higher prices for food and non-alcoholic beverages.

The Harmonized Index of Consumer Prices (HICP)—which does not include certain factors such as the vehicles tax or fishing and hunting fees—showed prices were flat month-on-month in June, contrasting the 0.2% fall in May.

CPI inflation slowed to 1.0% in June, down from 1.2% in May, while HICP inflation slowed to 1.1%, also down from 1.2% in May.

FocusEconomics Consensus Forecast panelists expect CPI inflation to average 1.2% in 2019, which is down 0.1 percentage points 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 June 2019

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

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