Inflation in Finland
Finland - Inflation
Inflation jumps in April
Consumer prices rose 0.6% in April compared to the previous month, up from 0.1% in March. The increase was largely due to higher prices for transport, food and non-alcoholic beverages, and healthcare, while prices for recreation and culture dropped. The Harmonized Index of Consumer Prices (HICP)—which does not include certain factors such as the vehicles tax or fishing and hunting fees—showed a 0.7% increase in April, up from 0.1% increase in March.
Inflation accelerated to 1.5% in April from 1.1% in March. HICP inflation, meanwhile, hit 1.5%, up from 1.2% in March.
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 1.6%.
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 | 0.09 | 3.70 % | Jun 11 |
| Exchange Rate | 8.68 | -0.38 % | Jun 13 |
| Stock Market | 3,936 | 0.0 % | Jun 13 |
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Economic News
Finland: Growth slumps in Q1
May 29, 2019
Economic growth slowed to 0.2% in seasonally-adjusted quarter-on-quarter terms in Q1 2019, according to a second GDP release by Statistics Finland.
Finland: Current account deficit widens in March
May 15, 2019
The current account balance fell to a EUR 0.47 billion deficit in March, down from February’s revised EUR 0.15 billion shortfall (previously reported: EUR 0.04 billion deficit).
Finland: Inflation jumps in April
May 14, 2019
Consumer prices rose 0.6% in April compared to the previous month, up from 0.1% in March.
Finland: Current account balance deteriorates to a deficit in February
April 18, 2019
The current account balance fell to a EUR 0.04 billion deficit in February, contrasting the revised EUR 0.50 billion surplus in January, which was previously reported as a EUR 0.84 billion surplus.
Finland: Economic growth moderates in February
April 16, 2019
Economic activity grew a working-day adjusted 1.7% in February compared to the same month a year earlier, down from the revised 2.1% rise in January (previously reported: +1.5% year-on-year).
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