Inflation in Finland
Finland - Inflation
Inflation climbs to over ten-year high in November
Consumer prices increased 0.45% in November over the previous month, which was below October's 0.75% increase. Looking at the details of the release, prices for housing, water, electricity, gas and other fuels flatlined in November compared to October’s sharp increase. Moreover, prices for transportation rose at a slower pace.
Inflation increased to 3.7% in November, above October’s 3.2%. November's reading was the highest inflation rate since September 2011. Consequently, annual average inflation rose to 1.9% in November (October: 1.6%). Finally, harmonized inflation rose to 3.5% in November, from October’s 2.8%.
FocusEconomics Consensus Forecast panelists project harmonized inflation to average 1.4% in 2022, which is down 0.1 percentage points from last month’s estimate, and 1.7% in 2023.
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: Economic activity growth loses pace in October
December 15, 2021
Economic activity growth eased to a three-month low of 4.3% in year-on-year working-day adjusted terms in October, slowing from September’s 5.5% reading. October’s slowdown was broad-based, with the primary sector—which includes the agriculture, hunting, forestry and fishing subsectors—secondary production and the services sector all expanding at softer rates in November.
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Finland: Inflation climbs to over ten-year high in November
December 14, 2021
Consumer prices increased 0.45% in November over the previous month, which was below October's 0.75% increase.
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Finland: Current account swings to deficit in October
December 13, 2021
The current account recorded a EUR 1.9 billion deficit in October, swinging from September’s EUR 1.1 billion surplus (October 2020: 0.8 billion surplus).
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Finland: GDP growth moderates in Q3
November 30, 2021
Economic growth lost steam in the third quarter, with GDP increasing 0.8% on a seasonally-adjusted quarter-on-quarter basis (Q2: +2.2% s.a.
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Finland: Economic activity growth speeds up to three-month high in September
November 16, 2021
Economic activity rose to a three-month high of 5.0% year-on-year in working-day adjusted terms in September, accelerating from August’s 4.3% increase.
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