Inflation slightly drops to 6.3% in June

The year-on-year change in consumer prices was 6.3 per cent in June, according to Statistics Finland.

In May, inflation stood at 6.8 per cent. The decrease of inflation from May to June was caused by lower prices of petrol and by a milder rise in electricity prices.

Consumer prices were raised most in June by increases in average interest rate on housing loans, consumer credits and the prices of electricity from one year ago.

The rising of consumer prices from one year back was curbed most by reductions in the prices of petrol and diesel.

The month-on-month change of consumer prices was 0.2 per cent, which was caused by increases in average interest rate on housing loans, for example.

The core inflation of Consumer Price Index was 7.3 per cent. Core inflation does not include food and energy price changes, as the short-term price fluctuations in these are higher compared to other commodity groups.

In Eurozone, inflation was 5.5 per cent in June.