Consumer prices in Finland grew by three percent in May compared to the same month a year ago, according to the country's statistics agency.

According to Statistics Finland's harmonised consumer price index, costs for educational services saw the biggest increases, rising by 11.5 percent.

Compared to April, last month saw prices rise by 0.7 percent.

The agency noted that the harmonised consumer price index does not take into account owner-occupied housing prices or interest rates on consumer and other types of loans, or vehicle taxes.