Monday 10/25/21
CONSUMER PRICES

Inflation in Finland 1.9% due to rising fuel and housing prices

From June to July, consumer prices rose by 0.3% which was caused by higher prices of fuels
A gas station in Espoo. Photo: Foreigner.fi.
A filling station in Espoo. Photo: Foreigner.fi.

Inflation in Finland stood at 1.9% in July, pushed up by higher petrol and housing prices, according to Statistics Finland.

In June, inflation stood at 2%. The slight decline in inflation was caused by lower prices of games of chance, for example.

Consumer prices were raised most in July by increases in the prices of petrol, diesel, capital repair on detached houses, detached houses, and owner-occupied flats from one year ago.

The rising of consumer prices from one year back was curbed most by reductions in the prices of medicines, average interest rate on housing loans and consumer credit, regular ferry service, and games of chance.

From June to July, consumer prices rose by 0.3% which was caused by higher prices of fuels, for example.

Euro area

According to the preliminary data on the Harmonised Index of Consumer Prices, the rate of inflation in the euro area was 2.2% in July, following 1.9% in June. The corresponding figure for Finland was 1.8% in July.

The Harmonised Index of Consumer Prices does not include owner-occupancy, games of chance, interests on consumption and other credits, fire insurance on owner-occupied dwellings, the vehicle tax or fishing and hunting fees. The items included, as well as the rules governing its compilation, have been defined in EU regulations.

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