Inflation in Finland

Finland Inflation | Economic News & Forecasts

Finland - Inflation

Harmonized inflation remains steady in October

Harmonized inflation was stable at September's 8.4% in October. Lower price pressures for housing and utilities, as well as for transport, offset the increasing prices for food and non-alcoholic beverages.

The trend pointed up, with annual average harmonized inflation coming in at 6.2% in October (September: 5.8%). Meanwhile, consumer price inflation rose to 8.3% in October, from the previous month's 8.1%.

Lastly, harmonized consumer prices rose 0.82% in October over the previous month, accelerating from September's 0.72% rise. October's uptick was the sharpest increase in prices since May.

FocusEconomics Consensus Forecast panelists see harmonized inflation averaging 4.0% in 2023, which is up 0.3 percentage points from the prior month’s projection, and 1.7% in 2024.

Finland - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)-0.2  0.4  0.8  1.1  1.0  

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Finland Inflation Chart

Finland Inflation
Note: Annual variation of harmonized index of consumer prices (HICP) in %.
Source: Statistics Finland.

Finland Facts

Value Change Date
Bond Yield0.033.70 %Dec 30
Exchange Rate8.78-0.38 %Jan 01

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