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Finland Inflation At 13-Month Low

Finland’s consumer price inflation slowed to the lowest level in over a year in June, data from Statistics Finland showed on Monday.

The consumer price index climbed 1.0 percent year-on-year in June, following a 1.2 percent increase in May.

The latest inflation was the slowest since May last year, when it was 1.0 percent.

The rising of consumer prices from a year ago was curbed mostly by reductions in the prices of mobile phones, detached houses, televisions and second-hand passenger cars.

On a month-on-month basis, consumer prices edged up 0.1 percent in June.

EU harmonized inflation was 1.1 percent in June. The corresponding figure for euro area was 1.2 percent.

On a monthly basis, the harmonized index of consumer prices remained flat in June.

The material has been provided by InstaForex Company – www.instaforex.com