Finland's annual inflation rate rose to a three-month high of 1.1 percent in August 2019 from 0.8 percent in the previous month. Prices increased faster for food and non-alcoholic beverages (1.7% vs 0.7% in July); alcoholic beverages & tobacco (5% vs 3.9%); clothing & footwear (0.8% vs 0.2%); health (1.3% vs 1.1%); communication (1.3% vs 1%); restaurants & hotels (2% vs 1%) and miscellaneous goods & services (0.3% vs 0.2%). At the same time, inflation was unchanged for both housing & utilities (at 1.6%) and education (at 1.2%) while cost rose less for furnishings & household equipment (0.3% vs 0.6%). Prices fell for both transport (-0.3% vs 0.1%) and recreation & culture (-0.3% vs -0.5%). On a monthly basis, consumer prices went up 0.4 percent in August, after a 0.3 percent fall in July. Inflation Rate in Finland averaged 4.71 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 1.10 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 1.80 percent in 2020, according to our econometric models.