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.

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Finland Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.60 19.31 -1.54 1961 - 2020 percent Monthly
2015=100; NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-15 05:00 AM May -0.2% -0.3% -0.5%
2020-07-14 05:00 AM Jun 0.0% -0.2% 0.1%
2020-08-14 05:00 AM Jul 0.6% 0% 0.2%
2020-09-14 05:00 AM Aug 0.2% 0.6% 0.3%
2020-10-14 06:00 AM Sep 0.2% 0.2%
2020-11-13 06:00 AM Oct 0.3%
2020-12-14 06:00 AM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Finnish Inflation Rate Slows to 0.2% in August
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.
2020-09-14
Finnish Inflation Rate at 4-Month High of 0.6%
Consumer prices in Finland increased 0.6 percent from a year earlier in July of 2020, after a flat reading in the previous month. It was the highest inflation since March, as prices rose at a faster pace for food and non-alcoholic beverages (2.9 percent vs 2.4 percent in June); alcoholic beverages & tobacco (3.8 percent vs 3.4 percent), while prices rebounded for both clothing & footwear (1.9 percent vs -0.8 percent) and recreation & culture (0.6 percent vs -0.4 percent). In addition, transport prices fell less (-2.6 percent vs -3.0 percent), while prices of furnishings were unchanged (vs -0.7 percent). Meantime, inflation was steady for both education (at 0.4 percent) and housing & utilities (at 0.1 percent). On a monthly basis, consumer prices rose 0.4 percent in July, following a 0.2 percent rise in June.
2020-08-14
Finnish Consumer Prices Unchanged in June
Consumer prices in Finland were unchanged from a year earlier in June of 2020, after a 0.2 percent drop in the previous month. Inflation was steady for food and non-alcoholic beverages (at 2.4 percent); education (at 0.4 percent) and housing & utilities (at 0.1 percent). On the other hand, alcoholic beverages & tobacco prices rose softer (3.4 percent vs 3.8 percent in May). Meanwhile, prices fell for: transport (-3.0 percent vs -4.0 percent), clothing & footwear (-0.8 percent vs -2 percent); furnishings (-0.7 percent vs -1.3 percent) and recreation & culture (-0.4 percent vs -0.2 percent). On a monthly basis, consumer prices increased 0.2 percent in June, after a flat reading in May.
2020-07-14
Finnish Consumer Prices Fall for 2nd Month
Consumer prices in Finland fell 0.2 percent year-on-year in May of 2020, after a 0.3 percent drop in the previous month. It was the second straight month of decline in consumer prices, mainly due to a softer fall in prices of transport (-4.0% vs -4.9% in April), especially for petrol and diesel. Also, cost declined for clothing & footwear (-2% vs -2.4%); furnishings (-1.3% vs -0.1%), and recreation & culture (-0.2% vs -0.3%). In addition, cost accelerated for food and non-alcoholic beverages (2.4% vs 1%) while education inflation was steady (at 0.4%). Meantime, cost rose less for housing & utilities (0.1% vs 0.2%); alcoholic beverages & tobacco (3.4% vs 3.8%). On a monthly basis, consumer prices were flat in May, after falling 0.3 percent in April.
2020-06-15

Finland Inflation Rate
In Finland, the most important category in the consumer price index is housing, water, electricity, gas and other fuels (24.6 percent of total weight). Food and non-alcoholic beverages accounts for 13.5 percent; transport for 13.4 percent and recreation and culture for 11.5 percent. Consumer price index in Finland also includes miscellaneous goods and services (7.4 percent); restaurants and hotels (6.8 percent) and furnishings, household equipment and routine household maintenance (5.4 percent). Health; alcoholic beverages and tobacco; clothing and footwear; communication and education account for remaining 17.3 percent of total weight.