Finland Inflation September 2019


Finland: Inflation eases in September

October 14, 2019

Month-on-month consumer price growth was flat in September, down from 0.4% in August. Overall, prices were supported by more expensive clothing and footwear, but weighed on by a sharp fall in food and non-alcoholic beverage prices.

The Harmonized Index of Consumer Prices (HICP)—which does not include certain factors such as the vehicle tax or fishing and hunting fees—was also flat month-on-month in September, down from 0.4% growth in August.

CPI inflation decelerated to 0.9% in September from 1.1% in August, while HICP inflation ticked down to 1.0% from 1.2%.

FocusEconomics Consensus Forecast panelists expect CPI inflation to average 1.4% in 2020, which is down 0.1 percentage points from last month’s estimate. In 2021, our panelists see inflation averaging 1.6%.

Author:, Economist

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Finland Inflation Chart

Finland Inflation September 2019

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

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