Finland Inflation October 2022


Finland: Harmonized inflation remains steady in October

November 14, 2022

Harmonized inflation was stable at September's 8.4% in October. Lower price pressures for housing and utilities, as well as for transport, offset the increasing prices for food and non-alcoholic beverages.

The trend pointed up, with annual average harmonized inflation coming in at 6.2% in October (September: 5.8%). Meanwhile, consumer price inflation rose to 8.3% in October, from the previous month's 8.1%.

Lastly, harmonized consumer prices rose 0.82% in October over the previous month, accelerating from September's 0.72% rise. October's uptick was the sharpest increase in prices since May.

FocusEconomics Consensus Forecast panelists see harmonized inflation averaging 4.0% in 2023, which is up 0.3 percentage points from the prior month’s projection, and 1.7% in 2024.


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Finland Inflation Chart

Finland Inflation October 2022

Note: Month-on-month and year-on-year variation in %.
Source: Statistics Finland.

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