Finland Inflation March 2022

Finland

Finland: Inflation comes in at highest level since August 1990 in March

April 14, 2022

Consumer prices increased 1.45% over the previous month in March, accelerating from February's 0.51% increase. March's uptick marked the highest reading since January 1991. Looking at the details of the release, prices for housing, water, electricity, gas and other fuels rose at a quicker rate in March, and prices for transportation also grew at a faster pace.

Inflation increased to 5.8% in March, following February’s 4.5%. March's reading marked the highest inflation rate since August 1990. Annual average inflation rose to 3.2% in March (February: 2.8%). Finally, harmonized inflation rose to 5.8% in March, from the previous month's 4.4%.

FocusEconomics Consensus Forecast panelists see harmonized inflation averaging 3.2% in 2022, which is up 1.0 percentage point from the prior month’s projection, and 1.9% in 2023.


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