Inflation in Finland
Finland - Inflation
Inflation slows in July
Consumer prices fell 0.3% in July compared to the previous month, contrasting the 0.1% increase in June. The decrease was partly due to cheaper food and non-alcoholic beverages, and furnishings, household equipment and household maintenance.
The Harmonized Index of Consumer Prices (HICP)—which does not include certain factors such as the vehicle tax or fishing and hunting fees—also showed prices decreased 0.3% in July from the previous month, contrasting flat growth in June.
CPI inflation slowed to 0.8% in July, down from 1.0% in June, while HICP inflation eased to 1.0% from 1.1%.
FocusEconomics Consensus Forecast panelists expect CPI inflation to average 1.2% in 2019, which is unchanged from last month’s estimate. In 2020, our panelists see inflation averaging 1.5%.
Finland - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 1.5 | 1.0 | -0.2 | 0.4 | 0.8 |
Finland Inflation Chart
Source: Statistics Finland.
Finland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.18 | 3.70 % | Jul 31 |
| Exchange Rate | 8.86 | -0.38 % | Jul 31 |
| Stock Market | 3,909 | 0.0 % | Jul 31 |
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Economic News
Finland: Current account surplus widens in June
August 15, 2019
The current account balance improved to a EUR 0.8 billion surplus in June from the revised EUR 0.6 billion surplus in May (previously reported: surplus of EUR 0.3 billion). In the 12 months leading up to June, the current account balance totaled a EUR 1.5 billion deficit, marking an improvement over the EUR 3.4 billion deficit in May. The trade balance improved to a EUR 0.4 billion surplus in June from the EUR 0.1 billion surplus in May.
Finland: Economic activity growth surges in June
August 14, 2019
Economic activity grew a working-day adjusted 2.2% in June compared to the same month a year earlier, up from May’s 0.8% increase.
Finland: Inflation slows in July
August 14, 2019
Consumer prices fell 0.3% in July compared to the previous month, contrasting the 0.1% increase in June.
Finland: Economic growth slows in May
July 16, 2019
Economic activity grew a working-day adjusted 0.8% in May compared to the same month a year earlier, down from April’s substantially revised 1.8% growth reading (previously reported: +2.8% year-on-year).
Finland: Current account balance rebounds in May from April’s record low
July 15, 2019
The current account balance swung to a EUR 0.3 billion surplus in May, contrasting the EUR 4.2 billion deficit recorded in April, which represented the lowest reading since contemporary records began in January 2006 due to a massive slump in the primary income balance. In the 12 months leading up to May, the current account balance totaled a EUR 4.0 billion deficit, marking an improvement over the EUR 5.3 billion shortfall in April. The trade balance improved to a EUR 0.2 billion surplus in May, contrasting the EUR 0.2 billion deficit in April.
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