Finland: Inflation decelerates in November

Consumer prices were stable in November, contrasting the 0.2% rise in October. Although prices for clothing and footwear, restaurants and hotels, and alcoholic beverages and tobacco rose in November, cheaper food and non-alcoholic drinks weighed on prices overall. The Harmonized Index of Consumer Prices (HICP)—which does not include certain factors such as the vehicles tax or fishing and hunting fees—showed a 0.1% price rise in November, down from 0.3% in October.

Inflation decelerated to 1.3% in November from 1.5% in October. HICP inflation was 1.4% in November, down from 1.7% in October.

Finland Inflation Forecast

FocusEconomics Consensus Forecast panelists expect CPI inflation to average 1.4% in 2019, which is down 0.1 percentage points from last month’s estimate. In 2020, our panelists see inflation averaging 1.6%.