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Inflation in Finland

Finland Inflation

Harmonized inflation falls to over one-year low in June

Harmonized inflation eased to 4.1% in June below May’s 5.0%. June’s reading marked the weakest inflation rate since December 2021. Looking at the details of the release, the moderation was primarily due to a softer increase in prices for food and non-alcoholic beverages. In addition, price pressures for transportation decreased at a faster pace.

Accordingly, the trend pointed down, with annual average harmonized inflation coming in at 7.3% in June (May: 7.7%). Meanwhile, consumer price inflation fell to 6.3% in June, from the previous month’s 6.8%.

Finally, harmonized consumer prices dropped 0.14% from the previous month in June, swinging from the 0.08% rise seen in May. June’s result marked the weakest reading since December 2022.

Finland Inflation Chart

This chart displays Inflation (HICP, ann. var. %, aop) for Finland from 2013 to 2022.

Finland Inflation Data

2018 2019 2020 2021 2022
Inflation (HICP, ann. var. %, aop) 1.2 1.1 0.4 2.1 7.2
Inflation (CPI, ann. var. %, eop) 1.2 0.9 0.2 3.5 9.1
Inflation (CPI, ann. var. %, aop) 1.1 1.0 0.3 2.2 7.1
Inflation (HICP, ann. var. %, eop) 1.3 1.1 0.2 3.2 8.8
Inflation (PPI, ann. var. %, aop) 4.8 0.4 -4.6 12.7 24.2

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