Inflation in Finland
Finland - Inflation
Inflation comes in at highest level in nearly a decade in October
Consumer prices rose 0.75% from the previous month in October, accelerating from the 0.31% rise recorded in September. October's figure was the highest reading since March 2008. The pick-up was broad-based, with greater price pressures recorded for housing, water, electricity, gas and other fuels, transportation, as well as for food and non-alcoholic beverages.
Inflation rose to 3.2% in October, above September’s 2.5%. October's result marked the highest inflation rate since January 2012. Meanwhile, the trend pointed up, with annual average inflation edging up to 1.6% in October (September: 1.4%). Finally, harmonized inflation rose to 2.8% in October, from the previous month's 2.1%.
FocusEconomics Consensus Forecast panelists project harmonized inflation to average 1.6% in 2022, which is up 0.1 percentage points from last month’s estimate, and 1.4% in 2023.
Finland - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.2||0.4||0.8||1.1||1.0|
5 years of economic forecasts for more than 30 economic indicators.
Finland Inflation Chart
Source: Statistics Finland.
|Bond Yield||0.03||3.70 %||Dec 30|
|Exchange Rate||8.78||-0.38 %||Jan 01|
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November 16, 2021
Economic activity rose to a three-month high of 5.0% year-on-year in working-day adjusted terms in September, accelerating from August’s 4.3% increase.
November 15, 2021
Consumer prices rose 0.75% from the previous month in October, accelerating from the 0.31% rise recorded in September.
November 12, 2021
The current account recorded a EUR 1.1 billion surplus in September, widening markedly from September 2020’s EUR 0.1 billion surplus, and from August’s EUR 0.4 billion surplus.
October 15, 2021
Economic activity increased 4.6% year-on-year in working-day adjusted terms in August, which followed July's 5.3% increase.
October 14, 2021
Consumer prices rose 0.31% in September over the previous month, accelerating from the 0.23% increase recorded in August.