Inflation in Finland

Finland Harmonized Inflation | Economic News & Forecasts

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  

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Finland Harmonized Inflation Chart

Finland Inflation
Note: Annual variation of harmonized index of consumer prices (HICP) in %.
Source: Statistics Finland.

Finland Facts

Bond Yield0.383.70 %Feb 21
Exchange Rate8.63-0.38 %Feb 21
Stock Market4,0650.0 %Feb 21

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