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
Finland Inflation Data
|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|