Finland Inflation September 2021

Finland

Finland: Inflation comes in at highest level since October 2012 in September

October 14, 2021

Consumer prices rose 0.31% in September over the previous month, accelerating from the 0.23% increase recorded in August. Looking at the details of the release, food and non-alcoholic beverages prices rose at a quicker pace in September compared to the previous month, while price pressures for transportation dropped.

Inflation came in at 2.5% in September, up from August’s 2.2%. September's figure represented the highest inflation rate since October 2012. Annual average inflation rose to 1.4% in September (August: 1.2%). Lastly, harmonized inflation rose from 1.8% in August to 2.1% in September.

FocusEconomics Consensus Forecast panelists project harmonized inflation to average 1.7% in 2021, which is up 0.1 percentage points from last month’s estimate, and 1.5% in 2022, which is also up 0.1 percentage points from last month’s projection.


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Finland Inflation September 2021

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


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