Finland Inflation November 2020

Finland

Finland: Inflation remains stable in November

December 14, 2020

Consumer prices decreased 0.07% in November over the previous month, swinging from October’s 0.10% increase. Looking at the details of the release, the print reflected lower prices for transport and health services, although those were partly offset by higher prices for alcoholic beverages and tobacco, and restaurants and hotels.

Inflation came in at 0.2% in November, matching October’s reading. Meanwhile, the trend was unchanged, with annual average inflation coming in at 0.4% in November for the third month running. Lastly, harmonized consumer prices decreased 0.2% in November, swinging from October’s 0.1% increase.

FocusEconomics Consensus Forecast panelists expect CPI inflation to average 1.1% in 2021, which is down 0.1 percentage points from last month’s estimate. In 2022, our panelists see inflation averaging 1.5%.


Author:, Junior Economist

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Finland Inflation November 20 20

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


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