Finland's annual inflation rate eased to a six-month low of 1.2 percent in December 2018 from 1.3 percent the previous month. Inflation slowed for: housing & utilities (1.8 percent vs 2.0 percent in November); transport (1.3 percent vs 1.6 percent). Inflation was steady for food & non-alcoholic beverages (at 1.1 percent). Meantime, prices rose faster for restaurants and hotels (3.1 percent vs 2.3 percent) while prices of miscellaneous goods & services were unchanged (the same as in the prior month). On the other hand, prices dropped for furnishings & household equipment (-0.7 percent vs 0.3 percent) while prices of recreation and culture continued to decline (-0.6 percent from -0.8 percent). On a monthly basis, consumer prices edged down 0.1 percent, after being flat in November. Inflation Rate in Finland averaged 4.75 percent from 1961 until 2018, 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 1.60 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 1.80 in 12 months time. In the long-term, the Finland Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.