Finland Inflation May 2019


Finland: Inflation slows in May

June 14, 2019

Consumer prices fell 0.2% in May compared to the previous month, contrasting the 0.6% rise logged in April. The decrease was primarily due to lower prices for food and non-alcoholic beverages.

The Harmonized Index of Consumer Prices (HICP)—which does not include certain factors such as the vehicles tax or fishing and hunting fees—also showed a 0.2% fall in May, contrasting the 0.7% increase in April.

Both CPI and HICP inflation slowed to 1.2% in May from 1.5% in April.

FocusEconomics Consensus Forecast panelists expect CPI inflation to average 1.3% in 2019, which is up 0.1 percentage points from last month’s estimate. In 2020, our panelists see inflation averaging 1.5%.

Author:, Economist

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Finland Inflation Chart

Finland Inflation May 2019

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

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