The annual inflation rate in Finland increased to 1.3 percent in March 2021 from 0.9 percent in the previous month. It was the highest inflation rate since April 2019, due mainly to a faster rise in prices of both housing & utilities (1.6 percent vs 1.2 percent in February) and transport (5.4 percent vs 2.7 percent), while prices of for food and non-alcoholic beverages rebounded sharply (0.5 percent vs -0.2). Meantime, alcoholic beverages & tobacco inflation eased (4.6 percent vs 4.7 percent), while education inflation was steady (vs 1.5 percent). On the other hand, prices fell further for recreation & culture (-0.2 percent vs -0.1 percent), clothing & footwear (-2.3 percent vs -2.4 percent) and furnishings (-2.3 percent vs -1.0 percent). On a monthly basis, consumer prices rose 0.2 percent in March, the least since last December, easing from a 0.4 percent growth in the prior month. source: Statistics Finland
Inflation Rate in Finland averaged 4.60 percent from 1961 until 2021, 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 April of 2021.
Inflation Rate in Finland is expected to be 1.70 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 1.20 in 12 months time. In the long-term, the Finland Inflation Rate is projected to trend around 1.20 percent in 2022 and 1.50 percent in 2023, according to our econometric models.