According to Statistics Finland prices in June rose by 0.9 percent compared to the previous year, influenced by higher rents as well as more expensive restaurant and café services. In June rents were 3.3 percent more expensive than in 2013, while the cost of dining out at restaurants and cafés rose by 2.7 percent over the same one-year period.
In other areas, though, consumers benefited from falling prices. They included clothing, meat products and consumer electronics. The statistics show that prices for clothing fell 4.6 percent since 2013, while in the case of meat and consumer electronics the decline was 2.0 percent and around 4.5 percent respectively.
Based on the Harmonised Index of Consumer Prices Finland’s inflation rate in June was 1.1 percent, compared to 0.5 percent for the wider euro area. The Harmonised Index does not include owner occupancy, lotteries, interest on consumption and other credits, fire insurance on owner-occupied homes or vehicle tax.