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Statistics Finland: Inflation slows in Finland in June – food prices remain at last year’s level

Broadcast United News Desk
Statistics Finland: Inflation slows in Finland in June – food prices remain at last year’s level

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In a recent report, Statistics Finland said that inflation in Finland slowed slightly in June compared to May. In his commentsAmong the reasons for the slowdown are a modest rise in average mortgage rates and cheaper package tours outside the European Union.

According to Statistics Finland, the annual change in consumer prices in June was 1.3%. In May, the inflation rate was 1.5%. As recently as January this year, the annual change in consumer prices was 3.3%.

Compared with a year ago, the increase in consumer prices was held down by lower electricity prices, child day care and single-family home prices.

New potato prices rise

Food prices are now roughly at last year’s level. From May to June, fresh fruit prices fell by nearly 4%, but vegetable prices rose.

– From May to June, the prices of fresh vegetables rose the most, mainly new potatoes. The chief actuary of Statistics Finland said that the price of potatoes rose by an average of 39%, and the price of cabbage rose by an average of 13%. Kristina Nieminen In the announcement.

June wasn’t a great month for coffee lovers either.

– Coffee prices seem to fluctuate from month to month. Nieminen says the increase is now 12.8%.

Nieminen said the arrival of stouts, ciders and porters in the retail trade was not reflected in the index.

– It is not possible to calculate the price trend of brand new products, therefore they are excluded from this measurement. The influence of old products transferred to retail on the price development does not exist.

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