Finland's annual inflation rate fell to 1.1 percent in March 2019 from a three-month high of 1.3 percent in the previous month. Cost advanced at a softer rate for both restaurants & hotels (2.4 percent vs 2.6 percent in February) and alcoholic beverages & tobacco (3.1 percent vs 3.2 percent), while cost was flat for furnishings & household equipment (vs 0.5 percent in February). In addition, cost fell faster for both recreation & culture (-1.1 percent vs -0.3 percent) and clothing & footwear (-1.8 percent vs -1.3 percent). In contrast, inflation was steady for both health (at 1.3 percent) and education (at 1.3 percent). Meantime, cost rose slightly faster for both housing & utilities (2.4 percent vs 2.3 percent) and miscellaneous goods & services (1.2 percent vs 1.1 percent). At the same time, prices of transport increased much faster (1.3 percent vs 0.2 percent). On a monthly basis, consumer prices increased by 0.1 percent in March, following a 0.5 percent rise in February. 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.