Finland Inflation April 2021


Finland: Inflation jumps to over eight-year high in April

May 14, 2021

Consumer prices increased 0.37% in April over the previous month, accelerating from March’s 0.24% rise. Looking at the details of the release, the uptick was largely due to higher prices for housing, water, electricity, gas and other fuels, as well as for transport, and for recreation and culture.

Inflation jumped to 2.1% in April, markedly up from March’s 1.3%. While April’s result is partly due to a low base effect, it marked the highest inflation rate since December 2012. Consequently, the trend pointed up, with annual average inflation coming in at 0.6% in April (March: 0.4%). Lastly, harmonized inflation came in at 2.1% in April, up from March’s 1.3%.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.2% in 2021, which is up 0.2 percentage points from last month’s estimate. In 2022, our panelists see inflation averaging 1.3%.


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Finland Inflation Chart

Finland Inflation April 2021 0

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

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