Change
The publication of statistical data was delayed on 15 July because of a technical problem.
Read more about the changeConsumer price index 2022, June
Inflation 7.8 per cent in June 2022
releaseThe year-on-year change in consumer prices calculated by Statistics Finland was 7.8 per cent in June. In May, inflation stood at 7.0 per cent. The increase in inflation was caused by higher prices of fuels and electricity, for example.
Inflation indicators in Finland, June 2022
| Point figure | Annual change (%) | Monthly change (%) | |
|---|---|---|---|
| Consumer Price Index 2015=100 | 113.6 | 7.8 | 0.7 |
| Cost-of-living Index 1951:10=100 | 2165 | ||
| Harmonised Index of Consumer Prices 2015=100 | 114.3 | 8.1 | 0.8 |
| Harmonised Index of Consumer Prices at Constant Taxes 2015=100 | 112.7 | 8.0 | 0.8 |
The table depicts the point figures for all Statistics Finland's published series.
Key selections
- Consumer prices were raised most in June by increases in the prices of petrol, electricity, diesel, and capital repair on detached houses from one year ago.
- The rising of consumer prices from one year back was curbed most by reductions in the prices of children’s day care, non-refundable prescription medicines, regular ferry service, medical examination and treatment fees and redemption of documents.
- The month-on-month change of consumer prices was 0.7 per cent, which was caused by higher prices of petrol compared to previous month, for example.
According to preliminary data, inflation in the euro area was 8.6 per cent in June 2022
According to the preliminary data on the Harmonised Index of Consumer Prices (HICP), the rate of inflation in the euro area was 8.6 per cent in June. In May, it stood at 8.1 per cent. The corresponding figure for Finland was 8.1 per cent in June.
The Harmonised Index of Consumer Prices does not include owner-occupancy, games of chance, interests on consumption and other credits, fire insurance on owner-occupied dwellings, the vehicle tax or fishing and hunting fees. The consumption items included in the Harmonised Index of Consumer Prices, as well as the rules governing its compilation, have been defined in EU regulations.
Eurostat’s estimate of inflation in the euro area is based on preliminary data from the Member States and on the price development of energy. Eurostat will publish detailed data on Harmonised Indices of Consumer Prices for June on 19 July.
The year-on-year change in the Harmonised Index of Consumer Prices at Constant Taxes was 8.0 per cent in June 2022
The year-on-year change in the Harmonised Index of Consumer Prices (HICP) stood at 8.1 per cent in June and that in the Index at Constant Taxes (HICP-CT) measuring market inflation at 8.0 per cent. Over twelve months, the combined raising impact on consumer prices from changes in commodity tax rates was thus 0.1 percentage points. The month-on-month change in the Harmonised Index of Consumer Prices was 0.8 per cent and that in the Index at Constant Taxes 0.8 per cent in June.
In the Index at Constant Taxes, the impact on inflation from changes in the value added tax and other commodity taxes has been eliminated by keeping the taxes constant relative to the index base period. The Index measures market inflation or the change in prices caused by reasons other than changes in commodity taxes. The price impact of the tax changes is obtained by comparing the development of the Harmonised Index of Consumer Prices and the Index at Constant Taxes.
Tables
See key statistical data in the tables.
Consumer Price Index 2015=100 by commodity groups, monthly and annual changes, 2022 June
Harmonised Index of Consumer Prices 2015=100 by commodity groups, annual changes (%), 2022 June
Database tables
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Referencing instructions
Official Statistics of Finland (OSF): Consumer price index [online publication].
Reference period: 2022, June. ISSN=1799-0254. Helsinki: Statistics Finland [Referenced: 24.4.2026].
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Kristiina Nieminen
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