Finland Inflation January 2020

Finland

Finland: Inflation inches higher in January

February 19, 2020

Consumer prices shrank 0.3% in January compared with the previous month, reversing December’s 0.1% uptick. The decrease largely reflected lower prices for clothing and footwear, transport, and recreation and culture, which more than offset higher prices for food and non-alcoholic beverages, and alcoholic beverages and tobacco.

Inflation inched up slightly to 1.0% in January from 0.9% in December. Meanwhile, annual average inflation remained unchanged this month, matching December’s 1.0% reading. Lastly, harmonized inflation ticked up to 1.2% in January from 1.1% in the month prior.

FocusEconomics Consensus Forecast panelists expect CPI inflation to average 1.1% in 2020, which is down 0.1 percentage points from last month’s estimate. In 2021, our panelists see inflation averaging 1.4%.


Author:, Economist

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Finland Inflation Chart


Finland Inflation January 20 20

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


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