Finland Inflation April 2022

Finland

Finland: Inflation drops in April but remains elevated

May 13, 2022

Consumer prices increased 0.32% in April over the previous month, moderating from March's 1.45% increase. April's result marked the lowest reading since December 2021. The moderation was primarily driven by decreasing prices for housing, water, electricity, gas and other fuels. In addition, price pressures for transportation eased from last month’s surge.

Inflation came in at 5.7% in April, which was down from March’s 5.8%. Slower increases in liquid fuel prices largely drove the deceleration. Meanwhile, annual average inflation rose to 3.5% in April (March: 3.2%). Finally, harmonized inflation was unchanged, coming in at March's 5.8% in April.

FocusEconomics Consensus Forecast panelists see harmonized inflation averaging 4.7% in 2022, which is up 1.5 percentage points from the prior month’s projection, and 2.2% in 2023.


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Finland Inflation April 2022

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


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