Finland Inflation October 2018

Finland

Finland: Inflation accelerates in October

November 14, 2018

Consumer prices rose 0.2% in October, down from the 0.3% increase in September. October’s reading was driven by higher clothing and footwear prices but weighed on by lower health prices. The Harmonized Index of Consumer Prices (HICP)—which does not include certain expenses such as the vehicles tax or fishing and hunting fees—showed a 0.3% price rise in October, as it did in September.

Inflation accelerated to 1.5% in October, the highest recorded since July 2013 and up from September’s 1.3%. HICP inflation was 1.7% in October, higher than 1.4% in September.

FocusEconomics Consensus Forecast panelists expect CPI inflation to average 1.5% in 2019, which is unchanged from last month’s estimate. In 2020, our panelists see inflation averaging 1.6%.


Author:, Economist

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Finland Inflation Chart


Finland Inflation October 2018

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


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