Finland's consumer price inflation increased modestly in July, data released by Statistics Finland showed Tuesday.
The consumer price index increased 2.9 percent year-on-year in July, faster than the 2.8 percent growth recorded in June. Prices were pushed up most by risen prices of food, transport, housing, alcohol and tobacco.
On a monthly basis, consumer prices decreased 0.2 percent during the month, data showed.
The harmonized index of consumer prices (HICP), measured under the EU methodology, advanced 3.1 percent annually in July, while month-on-month they decreased 0.3 percent.
Separately, the agency said that the turnover of retail sales in Finland increased at a faster rate of 5.7 percent in June than 3.6 percent in May. Trade in daily consumer goods advanced 5.9 percent annually, while sales at department stores rose 5.8 percent.
At the same time, overall wholesale sales edged up 0.5 percent year-on-year during the month, the agency said.
by RTT Staff Writer
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