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Finland Inflation September 2023

Finland: Harmonized inflation falls to lowest level in nearly two years in September

Harmonized inflation came in at 3.0% in September, down from August’s 3.1%. September’s result marked the weakest inflation rate since October 2021. Looking at the details of the release, September’s moderation chiefly reflected slower price increases for food and non-alcoholic beverages. This more than offset higher housing and utilities inflation and a year-on-year rebound in transport prices.

Accordingly, the trend pointed down, with annual average harmonized inflation falling to 6.2% in September (August: 6.6%). Meanwhile, consumer price inflation fell to 5.5% in September, from the previous month’s 5.6%.

Lastly, harmonized consumer prices rose 0.59% over the previous month in September, contrasting August’s 1.10% fall. September’s uptick was the highest reading since February.

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