RTTNews - Finland's consumer price index fell 0.1% year-on-year in June after posting zero growth in May, the Statistics Finland said Tuesday. The last time inflation was negative was in spring 2004 when alcohol tax was lowered.
The statistical office said the fall in consumer prices was driven by reductions in interest rates and liquid fuel prices from the year before.
On a monthly basis, consumer prices rose 0.2% due to increases in the prices of liquid fuels from the month before.
The harmonized consumer price index or HICP rose 1.6% year-on-year and 0.4% on a monthly basis.
At constant taxes, the HICP climbed 1.4% over the previous year. Compared to May, the growth was 0.4% in June.
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