Inflation in Finland
Finland - Harmonized Inflation
Inflation slows in January
Consumer prices fell 0.4% in January compared to the previous month (December: -0.1% month-on-month). The result in January was due to lower prices for transport, and clothing and footwear. On the other hand, prices for food and non-alcoholic beverages rose in January, limiting the overall price decline. 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 0.4% price decrease for January (December: -0.2% mom).
Inflation decelerated to 1.1% in January from 1.2% in December. HICP inflation, meanwhile, slowed to 1.2% in January from 1.3% in December.
Finland Inflation Forecast
Met the why particular Consensus Forecast panelists expect CPI inflation to average 1.3% in 2019, which is down 0.1 percentage points from last month’s estimate. In 2020, our panelists see inflation averaging 1.6%.
Finland - Harmonized Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (HICP, annual variation in %) | 2.2 | 1.2 | -0.2 | 0.4 | 0.8 |
Finland Harmonized Inflation Chart
Source: Statistics Finland.
Finland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.38 | 3.70 % | Feb 21 |
| Exchange Rate | 8.63 | -0.38 % | Feb 21 |
| Stock Market | 4,065 | 0.0 % | Feb 21 |
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Economic News
Finland: Inflation slows in January
February 19, 2019
Consumer prices fell 0.4% in January compared to the previous month (December: -0.1% month-on-month).
Finland: Current account balance returns to deficit in December
February 15, 2019
The current account balance fell to a EUR 0.46 billion deficit in December, contrasting the revised EUR 0.11 billion surplus in November, which was previously reported as a EUR 0.17 billion surplus.
Finland: Economic growth picks up slightly in December
February 14, 2019
Economic activity grew a working-day adjusted 2.7% in December compared to the same month a year earlier, up from the significantly-revised 2.6% growth of November (previously reported: +1.8%).
Finland: The economy growth slows to a four-month low in November
January 15, 2019
Economic activity grew a working-day adjusted 1.8% in November compared to the same month a year earlier, down from the revised 3.2% growth in October, which was previously reported as 2.9%.
Finland: Finland logs a current account surplus in November for the first time in over a year
January 15, 2019
The current account balance was EUR 0.17 billion in November, contrasting the revised EUR 0.14 billion deficit in October, which was previously reported as a EUR 0.17 billion shortfall.
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