Finland Inflation December 2019

Finland

Finland: Inflation ticks up in December

January 14, 2020

Consumer prices rebounded 0.1% in December compared with the previous month, reversing November’s 0.1% downtick. The increase chiefly reflected higher prices for food and non-alcoholic beverages, transport, and recreation and culture, which more than outweighed lower prices for clothing and footwear, and household items.

Inflation accelerated somewhat to 0.9% in December from 0.7% in November. Meanwhile, annual average inflation dropped marginally to 1.0% this month, from 1.1% in November. Lastly, harmonized inflation ticked up to 1.1% in December from 0.8% in the month prior.

FocusEconomics Consensus Forecast panelists expect CPI inflation to average 1.2% in 2020, which is down 0.2 percentage points from last month’s estimate. In 2021, our panelists see inflation averaging 1.5%.


Author:, Economist

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Finland Inflation Chart


Finland Inflation December 2019

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


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