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Financial News: Finland Inflation At 3-Month High

Finland Inflation At 3-Month High

09/13/2019 - 03:45:00 (RTTNews)

(RTTNews) - Finland's consumer price inflation rose to the highest level in three months in August, data from Statistics Finland showed on Friday.

The consumer price index rose 1.1 percent year-on-year in August, after a 0.8 percent increase in July.

The latest inflation was the highest since May last year, when it was 1.2 percent.

The rising of consumer prices from a year ago was curbed mostly by reductions in the prices of mobile phones, televisions, outdoor equipment for sport, regular ferry service and petrol.

On a month-on-month basis, consumer prices rose 0.4 percent in August.

EU harmonized inflation was 1.2 percent in August. The corresponding figure for euro area was 1.0 percent.

On a monthly basis, the harmonized index of consumer prices rose 0.4 percent in August.

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