Finland Inflation Remains Stable At 2.1%

Finland’s consumer price inflation stayed steady in July for the second straight month, according to Statistics Finland. The consumer price index rose 2.1% year over year, matching the rate from the previous two months. Price pressure was driven mainly by developments in petrol 95 E10, electricity, and diesel EN 590, while some items helped curb inflation—especially owner-occupied flats, redemption of documents and interests on consumer credit, and student loans. Inflation for housing and utilities rose to 2.1% from 1.9%, and food and non-alcoholic beverages increased at a stable 0.7%. Transport inflation moderated to 5.8% from 6.2%, and clothing and footwear fell 1.6%. On a monthly basis, prices rose 0.2% after a 0.2% drop in June. The EU harmonized index (HICP) increased 2.5% yearly.