Finland Inflation August 2021


Finland: Inflation increases to three-month high in August

September 14, 2021

Consumer prices rose 0.23% in August over the previous month, below July's 0.33% increase. Looking at the details of the release, the reading was driven by moderating price pressures for transportation and food and non-alcoholic beverages.

Inflation came in at a three-month high of 2.2% in August, which was up from July’s 1.9%. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 1.2% in August (July: 1.0%). Lastly, harmonized inflation came was stable at July’s 1.8% in August.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.5% in 2021, which is unchanged from last month’s estimate. In 2022, our panelists see inflation averaging 1.4%, which is also unchanged from the prior month’s forecast.


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Finland Inflation Chart

Finland Inflation August 2021 0

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

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