Latest reading: Consumer prices were flat year on year in June, contrasting May’s 0.1% year-on-year decline and market expectations for...
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 2024 to 2023.
Source: Macrobond.
Finland Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 0.4 | 2.1 | 7.2 | 4.3 | 1.0 |
| Inflation (CPI, ann. var. %, eop) | 0.2 | 3.5 | 9.1 | 3.6 | 0.7 |
| Inflation (CPI, ann. var. %, aop) | 0.3 | 2.2 | 7.1 | 6.3 | 1.6 |
| Inflation (HICP, ann. var. %, eop) | 0.2 | 3.2 | 8.8 | 1.3 | 1.6 |
| Inflation (PPI, ann. var. %, aop) | -4.6 | 12.7 | 24.2 | -3.9 | -2.3 |
Harmonized inflation edges up to target in May
Latest reading: Harmonized inflation inched up to 2.0% in May from April’s 1.9%. May's figure was the highest inflation rate since October 2023 and overshot the Euro area average slightly but was in line with the ECB’s 2.0% target. Looking at the details of the release, the uptick was broad-based: Prices for food, housing, hospitality and recreation all rose at a faster pace. Still, a sharper fall in transport costs capped the acceleration. As a result, annual average harmonized inflation rose to 1.4% in May (April: 1.3%). Meanwhile, consumer price inflation was stable at April's 0.5% in May. Finally, harmonized consumer prices rose 0.08% in May over the previous month, slowing down from the 0.15% increase logged in April. May's result marked the softest rise in prices since December 2024.
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 16 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.
Latest Global Inflation News
-
Switzerland: Consumer prices are unchanged in June -
Peru: Inflation remains muted in June Latest reading: Inflation came in at 1.7% in June, matching May’s result and in line with the Central Bank’s 1.0–3.0%... -
Kazakhstan: Inflation increases to a near two-year high in June Latest reading: Inflation rose to 11.8% in June, above May’s 11.3%, marking the highest inflation rate since August 2023, and... -
Kenya: Inflation flatlines below midpoint of the target range in June Latest reading: Inflation was stable at May’s 3.8% in June, remaining below the midpoint of the Central Bank’s 2.5–7.5% target... -
Australia: Inflation nears target floor in May Latest reading: Inflation dropped to 2.1% in May after having stood at 2.4% for a third consecutive month in April.... -
Hong Kong: Inflation moderates in May Latest reading: Inflation fell to 1.9% in May from April’s 2.0%, due to weaker price pressures for food, transport and... -
Canada: Inflation remains on target in May Latest reading: Inflation came in at 1.7% in May, matching April’s reading and market expectations, and comfortably within the Central...