Latest reading: Consumer prices were up 1.5% in annual terms in June, following a 2.1% rise in the prior month....
Inflation in Finland
Harmonized consumer price inflation averaged 1.8% in the ten years to 2024. The 2024 average figure was 1.0%. For more inflation information, visit our dedicated page.
Finland Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Finland from 2014 to 2025.
Source: Macrobond.
Finland Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 2.1 | 7.2 | 4.3 | 1.0 | 1.8 |
| Inflation (CPI, ann. var. %, eop) | 3.5 | 9.1 | 3.6 | 0.7 | 0.2 |
| Inflation (CPI, ann. var. %, aop) | 2.2 | 7.1 | 6.3 | 1.6 | 0.3 |
| Inflation (HICP, ann. var. %, eop) | 3.2 | 8.8 | 1.3 | 1.6 | 1.7 |
| Inflation (PPI, ann. var. %, aop) | 12.7 | 24.2 | -3.9 | -2.3 | -0.4 |
Inflation rises in May from April
Latest reading: Harmonized consumer prices rose 2.8% on a year-on-year basis in May, following a 2.4% rise in the prior month. May's reading was the strongest since September 2023. Relative to the prior month's figures, there were higher price pressures for transportation (+7.5% on a year-on-year basis vs +5.5% in April), housing and utilities (+2.3% vs +1.7% in April) and recreation (+2.0% vs +1.0% in April). In contrast, there were milder price pressures for food and non-alcoholic beverages (+1.2% vs +1.7% in April) and restaurants and hotels (+1.8% vs +2.3% in April). Meanwhile, consumer prices increased 2.1% in annual terms in May, following a 1.5% rise in the prior month. Finally, harmonized consumer prices increased 0.54% in May on a month-on-month basis, following a 0.03% rise in the prior month.
Panelist insight: On the inflation outlook, EIU analysts commented: “We expect Finnish HICP inflation to remain below the euro zone average in 2026 […]. The pass-through of the Iran war energy shock will continue in the coming months and lift the headline rate, but weak domestic pressures will continue to anchor underlying inflation well below the euro zone level.”
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Finnish inflation projections for the next ten years from a panel of 15 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Finnish inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Finnish inflation projections.
Want to get access to the full dataset of Finnish inflation forecasts? Send an email to info@focus-economics.com.
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