Finnish CPI Continues To Fall In August

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Finland's consumer price index or CPI fell 0.7% year-on-year in August after falling 0.6% in July, the Statistics Finland said Monday. The CPI fell for the third month in a row.

In August, consumer prices were brought down most from the year before by reductions in interest rates, the official report said.

Fallen prices of liquid fuels, telephone calls, owner-occupied dwellings and real estate, and used passenger cars also lowered inflation. At the same time, consumer prices were pushed up most by year-on-year increases in rents, restaurant and café prices, food prices, retail prices of alcoholic beverages and tobacco.

Compared to July, the CPI rose 0.3% in August.

The harmonized index of consumer prices or HICP climbed 1.3% year-on-year and 0.4% month-on-month.

The HICP rose 1.1% year-on-year in August at constant prices and was up 0.4% month-on-month.

Finland's consumer price index or CPI fell 0.7% year-on-year in August after falling 0.6% in July, the Statistics Finland said Monday. The CPI fell for the third month in a row. (Market News Provided by RTTNews)