Inflation continues to slow as food prices stabilize

Finland's inflation rate continued its downward trend in June, with consumer prices rising by just 1.3% year-over-year, down from 3.3% in January. According to the European Central Bank's Harmonized Index of Consumer Prices (HICP), inflation in June stood at 0.5%, compared to 1.1% at the start of the year.

The HICP excludes the price developments of owner-occupied housing, interest rates, and gambling.