Finland's Producer Price Inflation Moderates In July
(RTTNews) - Finland's producer price inflation moderated in July after accelerating in June, Statistics Finland said Friday.
Producer price inflation came in at 6.1 percent in July versus 6.2 percent in June.
Producer prices in domestic market climbed 4.8 percent and that in export markets advanced 7.8 percent.
On a monthly basis, producer prices gained 0.4 percent mainly due to higher prices of electricity.
Data showed that the export price index rose 7.7 percent and the import price index by 8.1 percent in the year. Both export and import prices were boosted by higher prices of oil products.
Month-on-month, export and import prices moved up 0.2 percent each in July.SEE ALSO: The loonie is climbing after the Bank of Canada raised its benchmark rate to 1.5% ÃÂ» READ NOW: Goldman Sachs is joining major companies like Twitter in giving employees a valuable perk: the ability to ship breast milk ÃÂ» SUBSCRIBE NOW:
SHARE THIS POST
your MARKET VIEW
Your Personalized Market Center