Finland's annual inflation rate declined to 1.0 percent in June 2019 from 1.2 percent in the previous month. This was the lowest inflation rate since May last year, as inflation eased for: housing & utilities (2.1 pct vs 2.2 pct in May); transport (0.1 pct vs 1.4 pct); health ( 0.8 percent vs 0.9 pct); restaurants & hotels (2.1 pct vs 2.9 pct); communication (0.1 pct vs 0.5 pct). Meanwhile, inflation accelerated for: food and non-alcoholic beverages (1.1 pct vs 0.5 pct); alcoholic beverages & tobacco (3.4 percent vs 3.3 pct), and miscellaneous goods & services (1.3 pct vs 1.2 pct) while prices rebounded for furnishings & household equipment (1.0 pct vs -0.2 pct) and inflation was steady for education (at 1.2 pct). By contrast, cost dropped for: clothing & footwear (-1.6 percent vs -1.0 percent) and recreation & culture (-0.8 pct, the same as in May). On a monthly basis, consumer prices edged up 0.1 percent in June, following a 0.2 percent fall in May. Inflation Rate in Finland averaged 4.72 percent from 1961 until 2019, reaching an all time high of 19.31 percent in January of 1975 and a record low of -1.54 percent in October of 2009.
Inflation Rate in Finland is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Finland to stand at 1.30 in 12 months time. In the long-term, the Finland Inflation Rate is projected to trend around 1.80 percent in 2020, according to our econometric models.