Finland's annual inflation rate rose to 1.5 percent in April 2019 from 1.1 percent in the previous month and marking the highest figure since October last year. Main upward pressure came from food and non-alcoholic beverages (2 pct vs 0.9 pct in March), alcoholic beverages & tobacco (3.3 pct vs 3.1 pct), housing & utilities (2.4 pct, the same as in March), transport (2.6 pct vs 1.3 pct), restaurants & hotels (2.7 pct vs 2.4 pct), miscellaneous goods & services (1.1 pct vs 1.2 pct), health (0.9 pct vs 1.3 pct), and education (1.2 pct vs 1.3 pct). In contrast, cost fell for: clothing & footwear (-1.6 percent vs -1.8 percent), furnishings & household equipment (-0.5 pct vs a flat reading in March), communication (-0.5 pct vs -2 pct), and recreation & culture (-1.2 pct vs -1.1 pct). On a monthly basis, consumer prices increased by 0.6 percent in April, following a 0.1 percent rise in March. Inflation Rate in Finland averaged 4.73 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 1.60 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.