Inflation remains at 0.7% in June

The year-on-year inflation in the country remained 0.7% in June this year, according to Statistics Finland.

The inflation in May this year also stood at 0.7%.

Consumer prices were raised most in June by increases in the consumer prices of cigarettes, the vehicle tax, electricity and hotel rooms from one year ago.

The increase in consumer prices was curbed most by reductions in the prices of mobile phones, games of chance and used cars, as well as a decrease in interests on housing loans.

From May to June, consumer prices changed by 0.1 per cent.

Each mid-month, Statistics Finland's interviewers collect altogether around 50,000 prices on nearly 470 commodities from approximately 2,700 outlets for the Consumer Price Index.

In addition, some 1,000 items of price data are gathered by centralised collection.

According to the preliminary data on the Harmonised Index of Consumer Prices, the rate of inflation in the euro area was 1.3 per cent in June. In May, it stood at 1.4 per cent. The corresponding figure for Finland was 0.9 per cent in June.