Finland Inflation September 2020


Finland: Inflation ticks down in September

October 14, 2020

Consumer prices remained flat in September over the previous month, after the mild 0.02% increase recorded in August. September’s reading marked the lowest since May. Looking at the details of the release, the print reflects higher prices for education, clothing and footwear being offset by lower prices for transport, restaurants and hotels.

Inflation came in at 0.2% in September, matching August’s reading. Meanwhile, the trend pointed slightly down, with annual average inflation coming in at 0.4% in September from August’s 0.5%.

FocusEconomics Consensus Forecast panelists expect CPI inflation to average 0.5% in 2020, which is up 0.1 percentage points from last month’s estimate. In 2021, our panelists see inflation averaging 1.2%, which is unchanged from last month’s estimate.

Author:, Junior Economist

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Finland Inflation Chart

Finland Inflation September 20 20

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

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