FX.co ★ Finland Inflation Eases To 1.27%, Lowest Since February 2021

In June, Finland's consumer price inflation decelerated to its lowest point in over three years, according to preliminary data released by Statistics Finland on Monday.

The consumer price index increased by 1.27 percent year-over-year in June, down from the 1.49 percent rise observed in the previous month. This marks the weakest inflation rate since February 2021, when prices had risen by just 0.91 percent.

Statistics Finland attributed the decrease in inflation to a milder rise in the average interest rate on housing loans and lower prices for international package holidays outside the EU.

Annual price growth in the housing and utilities sector slowed to 1.5 percent from 2.2 percent in May. Meanwhile, food prices experienced a 0.36 percent decline.

Compared to the previous month, consumer prices remained stable in June, following a 0.1 percent decrease in May.

The EU's harmonised index of consumer prices (HICP) saw a slight increase to 0.6 percent in June, up from 0.5 percent in the prior month.