The annual inflation rate in Finland increased to 8.8 percent yoy in February 2023, accelerating from 8.4 percent in the previous month. Main upward pressure came from food & non-alcoholic beverages (16.26 percent vs 15.4 percent in January), transport (3.12 percent vs 3.7 percent), recreation & culture (4.98 percent vs 4.4 percent), miscellaneous goods & services (11.92 percent vs 10.6 percent), restaurants & hotels (8.63 percent vs 7.8 percent), communication (5.53 percent vs 5.4 percent), and clothing & footwear (3.45 percent vs 2.4 percent). Meanwhile, prices slowed for housing & utilities (11.71 percent vs 11.8 percent). On a monthly basis, consumer prices rose 0.8 percent in February, up from a 0.6 percent gain in January. source: Statistics Finland

Inflation Rate in Finland averaged 4.62 percent from 1961 until 2023, 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. This page provides the latest reported value for - Finland Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Finland Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Inflation Rate in Finland is expected to be 8.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Finland Inflation Rate is projected to trend around 2.30 percent in 2024 and 1.90 percent in 2025, according to our econometric models.

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Finland Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-02-20 06:00 AM Jan 8.4% 9.1% 8.5%
2023-03-14 06:00 AM Feb 8.8% 8.4% 8.1%
2023-04-14 05:00 AM Mar 8.8% 8.2%


Related Last Previous Unit Reference
Inflation Rate 8.80 8.40 percent Feb 2023
Inflation Rate MoM 0.80 0.60 percent Feb 2023
Consumer Price Index CPI 119.00 118.00 points Feb 2023
Harmonised Consumer Prices 118.50 117.70 points Feb 2023
GDP Deflator 115.09 116.21 points Dec 2022
Producer Prices 141.30 144.30 points Jan 2023
Producer Prices Change 10.70 14.50 percent Jan 2023
Export Prices 139.60 140.10 points Jan 2023
Import Prices 141.60 148.50 points Jan 2023
Food Inflation 16.26 15.40 percent Feb 2023
CPI Housing Utilities 178.62 178.17 points Feb 2023
CPI Transportation 118.60 117.40 points Feb 2023
Wholesale Prices 3055.00 3149.00 points Jan 2023

Finland Inflation Rate
In Finland, the most important category in the consumer price index is housing, water, electricity, gas and other fuels (25 percent of total weight). Food and non-alcoholic beverages accounts for 14 percent; transport for 13 percent and recreation and culture for 12 percent. Consumer price index in Finland also includes miscellaneous goods and services (7 percent); restaurants and hotels (7 percent) and furnishings, household equipment and routine household maintenance (5 percent). Health; alcoholic beverages and tobacco; clothing and footwear; communication and education account for remaining 17 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
8.80 8.40 19.31 -1.54 1961 - 2023 percent Monthly
2015=100; NSA

News Stream
Finnish Inflation Rate at 8.8% in February
The annual inflation rate in Finland increased to 8.8 percent yoy in February 2023, accelerating from 8.4 percent in the previous month. Main upward pressure came from food & non-alcoholic beverages (16.26 percent vs 15.4 percent in January), transport (3.12 percent vs 3.7 percent), recreation & culture (4.98 percent vs 4.4 percent), miscellaneous goods & services (11.92 percent vs 10.6 percent), restaurants & hotels (8.63 percent vs 7.8 percent), communication (5.53 percent vs 5.4 percent), and clothing & footwear (3.45 percent vs 2.4 percent). Meanwhile, prices slowed for housing & utilities (11.71 percent vs 11.8 percent). On a monthly basis, consumer prices rose 0.8 percent in February, up from a 0.6 percent gain in January.
2023-03-14
Finnish Inflation Rate Slows to 3-Month Low
The annual inflation rate in Finland fell to 8.4% in January 2023 from 9.1% in the previous two months. This was the lowest reading since last October, as prices slowed for all components: food & non-alcoholic beverages (15.4% vs 16.0% in December), housing and utilities (11.8% vs 13.12%), transport (3.7% vs 5.4%), clothing & footwear (2.4% vs 3.1%), communication (5.4% vs 6.1%), recreation & culture (4.4% vs 5.8%), restaurants & hotels (7.8% vs 7.6%), and miscellaneous goods & services (10.6% vs 8.3%). On a monthly basis, consumer prices increased by 0.6% in January, shifting from a 0.1% drop in December (the first one in a year). In 2022, the average inflation rate in Finland stood at 7.1%.
2023-02-20
Finnish Inflation Rate Stays at 40-Year Peak
The annual inflation rate in Finland stood at 9.1% in December, unchanged from November's 40-year high. Main upward pressures came from food and non-alcoholic beverages (16.0% vs 16.1% in November), housing and utilities (13.12% vs 12.9% vs 9.7%), transport (5.4% vs 8%), clothing & footwear (3.1% vs 2.6%), communication (6.1% vs 5.1%), recreation and culture (5.8% vs 5.6%), restaurants and hotels (7.6% vs 7.4%), and miscellaneous goods and services (8.3% vs 7.5%). On a monthly basis, consumer prices edged down 0.06% in December, the first drop in a year, after gaining 1.2% in November. For full 2022, the average inflation rate was 7.1%.
2023-01-13