Latest reading: Inflation ticked up to 2.4% in July, following June’s 2.3%. Looking at the details of the release, prices...
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 increases in July
Latest reading: Harmonized inflation came in at 2.0% in July, up from June’s 1.9%. Looking at the details of the release, the increase in price pressures was largely driven by a faster rise in prices for food and non-alcoholic beverages. In addition, price pressures for transportation dropped at a slower rate. Accordingly, the trend pointed up mildly, with annual average harmonized inflation coming in at 1.6% in July (June: 1.5%). Meanwhile, consumer price inflation was stable, coming in at June's 0.2% in July. Lastly, harmonized consumer prices increased 0.31% in July over the previous month, swinging back to growth from June's 0.18% fall. July's uptick marked the highest reading since February.
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 13 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
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