Finland Inflation November 2021


Finland: Inflation climbs to over ten-year high in November

December 14, 2021

Consumer prices increased 0.45% in November over the previous month, which was below October's 0.75% increase. Looking at the details of the release, prices for housing, water, electricity, gas and other fuels flatlined in November compared to October’s sharp increase. Moreover, prices for transportation rose at a slower pace.

Inflation increased to 3.7% in November, above October’s 3.2%. November's reading was the highest inflation rate since September 2011. Consequently, annual average inflation rose to 1.9% in November (October: 1.6%). Finally, harmonized inflation rose to 3.5% in November, from October’s 2.8%.

FocusEconomics Consensus Forecast panelists project harmonized inflation to average 1.4% in 2022, which is down 0.1 percentage points from last month’s estimate, and 1.7% in 2023.


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Finland Inflation Chart

Finland Inflation November 2021 0

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

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