Finland Inflation January 2021


Finland: Inflation climbs up in January

February 19, 2021

Consumer prices increased 0.34% in January over the previous month, accelerating from the 0.14% rise seen in December. January's uptick was the sharpest increase in prices since July 2020. Looking at the details of the release, the result was largely driven by rising prices for housing, water, electricity, gas and other fuels, as well as for food and non-alcoholic beverages.

Inflation came in at 0.9% in January, notably up from December’s 0.2%. Meanwhile, the trend was unchanged with annual average inflation coming in at December's 0.3% in January. Lastly, harmonized inflation came in at 1.1% in January, markedly up from December’s 0.2%.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.0% in 2021, which is down 0.1 percentage points from last month’s estimate. In 2022, our panelists see inflation averaging 1.4%.


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Finland Inflation Chart

Finland Inflation January 2021

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

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