Finland Inflation August 2020


Finland: Inflation decreases slightly in August

September 14, 2020

Consumer prices ticked up a mild 0.02% in August over the previous month, following the 0.36% increase recorded in July. August’s reading marked the lowest price increase in the past three months. Looking at the details of the release, higher prices for clothing and household equipment were offset by lower prices for food and non-alcoholic beverages, and recreation and culture.

Inflation came in at 0.2% in August, down from July’s 0.6% reading. Meanwhile, the trend pointed down slightly with annual average inflation coming in at 0.5% in August, down from July’s 0.6%.

FocusEconomics Consensus Forecast panelists expect CPI inflation to average 0.4% in 2020, which is up 0.1 percentage points from last month’s estimate. In 2021, our panelists see inflation averaging 1.2%, which is unchanged from last month’s estimate.

Author:, Junior Economist

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Finland Inflation Chart

Finland Inflation August 20 20

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

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