Inflation in Finland

Finland - Inflation
Inflation remains stable in November
Consumer prices decreased 0.07% in November over the previous month, swinging from October’s 0.10% increase. Looking at the details of the release, the print reflected lower prices for transport and health services, although those were partly offset by higher prices for alcoholic beverages and tobacco, and restaurants and hotels.
Inflation came in at 0.2% in November, matching October’s reading. Meanwhile, the trend was unchanged, with annual average inflation coming in at 0.4% in November for the third month running. Lastly, harmonized consumer prices decreased 0.2% in November, swinging from October’s 0.1% increase.
FocusEconomics Consensus Forecast panelists expect CPI inflation to average 1.1% in 2021, which is down 0.1 percentage points from last month’s estimate. In 2022, our panelists see inflation averaging 1.5%.
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: Contraction in economic activity softens in October
December 15, 2020
Economic activity decreased 1.9% year-on-year in working-day adjusted terms in October, following the 2.1% contraction recorded in September (previously reported: -3.2% year-on-year).
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Finland: Inflation remains stable in November
December 14, 2020
Consumer prices decreased 0.07% in November over the previous month, swinging from October’s 0.10% increase.
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Finland: Current account surplus widens in October
December 11, 2020
The current account recorded a EUR 0.5 billion surplus in October, matching the surplus recorded in October last year, and increasing from September’s EUR 0.1 billion surplus.
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Finland: Economy rebounds in Q3, recording best result since Q2 2010
November 27, 2020
GDP rebounded strongly in the third quarter, growing 3.3% on a seasonally-adjusted quarter-on-quarter basis and contrasting the 3.9% contraction recorded in the second quarter.
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Finland: Economic activity continues to decline in September
November 13, 2020
Economic activity decreased 3.2% year-on-year in working-day adjusted terms in September, matching August’s drop.