Finland Inflation February 2020

Finland

Finland: Inflation inches lower in February

March 13, 2020

Consumer prices rose 0.3% in February compared with the previous month, reversing January’s 0.3% downtick. The increase largely reflected higher prices for clothing and footwear, food and non-alcoholic beverages, and alcoholic beverages and tobacco, which more than offset lower prices for housing and utilities.

Inflation dropped slightly to 0.8% in February from 1.0% in the prior month. Meanwhile, annual average inflation remained unchanged in the month, matching January’s 1.0% reading. Lastly, harmonized inflation back down to 1.1% in February from 1.2% in the previous month.

FocusEconomics Consensus Forecast panelists expect CPI inflation to average 1.1% in 2020, which is unchanged 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 February 20 20

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


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