The annual inflation rate in Finland declined to 0.2 percent in August 2020 from 0.6 percent in the previous month. Prices slowed for food and non-alcoholic beverages (0.9 percent vs 2.9 percent in July) and alcoholic beverages & tobacco (2.7 percent vs 3.8 percent). In addition, cost fell for housing & utilities (-0.1 percent vs 0.1 percent); clothing & footwear (-0.1 percent vs 1.9 percent) and recreation & culture (-0.1 percent vs 0.6 percent). On the other hand, inflation was steady for education (at 0.4 percent), while prices of furnishings rose 0.6 percent, after a flat reading in July. Meantime, transport prices fell less (-1.7 percent vs -2.6 percent). On a monthly basis, consumer prices were unchanged in August, following a 0.4 percent gain in July.
Inflation Rate in Finland averaged 4.64 percent from 1961 until 2020, 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 September of 2020. source: Statistics Finland
Inflation Rate in Finland is expected to be 0.20 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 1.40 percent in 2021 and 2.00 percent in 2022, according to our econometric models.