Inflation in Finland
Harmonized consumer price inflation averaged 1.6% in the ten years to 2022. The 2022 average figure was 7.2%. For more inflation information, visit our dedicated page.
Finland Inflation Chart
Finland Inflation Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Inflation (HICP, ann. var. %, aop) | 1.2 | 1.1 | 0.4 | 2.1 | 7.2 |
Inflation (CPI, ann. var. %, eop) | 1.2 | 0.9 | 0.2 | 3.5 | 9.1 |
Inflation (CPI, ann. var. %, aop) | 1.1 | 1.0 | 0.3 | 2.2 | 7.1 |
Inflation (HICP, ann. var. %, eop) | 1.3 | 1.1 | 0.2 | 3.2 | 8.8 |
Inflation (PPI, ann. var. %, aop) | 4.8 | 0.4 | -4.6 | 12.7 | 24.2 |
Harmonized inflation falls to lowest level since December 2020 in March
Harmonized inflation fell to 0.5% in March, which was down from February’s 1.1%. March's result marked the lowest inflation rate since December 2020. Looking at the details of the release, prices for food and non-alcoholic beverages plunged in March. Meanwhile, housing and utilities prices fell at a more pronounced pace. Moreover, prices for recreation grew at a more subdued pace. In contrast, prices for transportation rebounded. Annual average harmonized inflation fell to 2.7% in March (February: 3.2%). Meanwhile, consumer price inflation fell to 2.2% in March, from February’s 3.0%. Finally, harmonized consumer prices fell 0.13% in March over the previous month, contrasting February's 0.66% rise.
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 15 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.
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