Finland's annual inflation rate rose to 1.3 percent in February 2019 from 1.1 percent in the previous month and reaching the highest figure since November last year. Cost advanced faster for housing & utilities (2.3 percent vs 1.9 percent in January); miscellaneous goods & services (1.1 percent vs 1 percent); restaurants & hotels (2.6 percent vs 2.5 percent) and furnishings & household equipment (0.5 percent vs 0.1 percent). In addition, prices rebounded for transport (0.2 percent vs -0.1 percent) while inflation was steady for alcoholic beverages & tobacco (at 3.2 percent); health (at 1.3 percent) and education (at 1.3 percent). On the other hand, cost continued to fall for both recreation & culture (-0.3 percent vs -0.3 percent) and clothing & footwear (-1.3 percent vs -0.6 percent). On a monthly basis, consumer prices increased by 0.5 percent in February, reversing from a 0.4 percent drop in January. Inflation Rate in Finland averaged 4.74 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 1.20 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 1.50 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.