Finland Inflation February 2022

Finland

Finland: Inflation increases to over 13-year high in February

March 14, 2022

Consumer prices increased 0.51% in February over the previous month, coming in below January's 1.22% rise. The slowdown was largely driven by softer growth in prices for housing, water, electricity, gas and other fuels.

Inflation edged up to 4.5% in February from January’s 4.4%. February's result was the highest inflation rate since September 2008. Consequently, annual average inflation rose to 2.8% in February (January: 2.5%). Lastly, harmonized inflation accelerated to 4.4% in February, from the previous month's 4.1%.

FocusEconomics Consensus Forecast panelists project harmonized inflation to average 2.2% in 2022, which is up 0.3 percentage points from last month’s estimate, and 1.7% in 2023.


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Finland Inflation February 2022

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


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