Inflation in Finland

Finland - Inflation
Inflation comes in at highest level since our records began
Consumer prices rose 0.72% in June over the previous month, a smaller increase than May's 1.31% increase. The cooling of price pressures was primarily due to a softer rise in prices for housing, water, electricity, gas and other fuels.
Inflation came in at 7.8% in June, which was up from May’s 7.0%. June's result was the highest inflation rate since our current records began in 1990. Meanwhile, the trend pointed up, with annual average inflation coming in at 4.4% in June (May: 3.9%). Lastly, harmonized inflation rose to 8.1% in June, from the previous month's 7.1%.
FocusEconomics Consensus Forecast panelists see harmonized inflation averaging 5.0% in 2022, which is up 0.3 percentage points from the prior month’s projection, and 2.1% in 2023.
Finland - Inflation Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Inflation Rate (CPI, annual variation in %) | -0.2 | 0.4 | 0.8 | 1.1 | 1.0 |
Finland Inflation Chart

Source: Statistics Finland.
Finland Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 0.03 | 3.70 % | Dec 30 |
Exchange Rate | 8.78 | -0.38 % | Jan 01 |
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Economic News
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Finland: Monthly economic activity dips in May
July 15, 2022
Economic activity dropped 0.2% month on month in seasonally-adjusted terms in May (April: +0.5% mom).
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Finland: Inflation comes in at highest level since our records began
July 14, 2022
Consumer prices rose 0.72% in June over the previous month, a smaller increase than May's 1.31% increase.
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Finland: Current account deficit shrinks in May
July 12, 2022
The current account recorded a EUR 1.6 billion deficit in May, improving from the EUR 2.3 billion deficit booked in April (May 2021: EUR 0.2 billion surplus).
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Finland: Inflation comes in at highest level since February 1990 in May
June 14, 2022
Consumer prices increased 1.31% over the previous month in May, accelerating from the 0.32% rise logged in April.
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Finland: Economic activity records quickest growth since June 2021 in March
May 17, 2022
Economic activity rose 5.4% year-on-year in working-day adjusted terms in March, which was above February's 3.6% increase.