Inflation in Finland
Finland - Inflation
Inflation accelerates in August
Consumer prices rose 0.4% in August compared to the previous month, contrasting the 0.3% decrease in July. The increase was due to higher prices for food and non-alcoholic beverages, clothing and footwear, and housing, water, electricity, gas and other fuels.
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 rose 0.4% in August compared to the previous month, after decreasing 0.3% in July.
CPI inflation accelerated to 1.1% in August from 0.8% in July, while HICP inflation ticked up to 1.2% from 1.0%.
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 | -0.35 | 3.70 % | Sep 04 |
| Exchange Rate | 9.03 | -0.38 % | Sep 04 |
| Stock Market | 3,879 | 0.0 % | Sep 04 |
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Economic News
Finland: Economic activity growth moderates in July after surging in June
September 13, 2019
Economic activity grew a working-day adjusted 1.7% in July compared to the same month a year earlier, down from June’s revised 2.5% increase.
Finland: Inflation accelerates in August
September 13, 2019
Consumer prices rose 0.4% in August compared to the previous month, contrasting the 0.3% decrease in July.
Finland: Growth holds steady in Q2; government proposes higher spending in 2020
August 30, 2019
A second GDP release revealed the economy grew a revised 0.5% in Q2 2019 in seasonally-adjusted quarter-on-quarter terms (previously reported: +0.9% quarter-on-quarter), which was unchanged from Q1’s revised figure of 0.5% (previously reported: +0.6% quarter-on-quarter).
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.
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