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 |