Finnish Consumer Prices Fall in January

The annual inflation rate in Finland further climbed to 1.3% in March 2026 from a thirteen-month high of 0.6% in the previous month. It marked the highest reading since June 2024, primarily driven by a rebound in housing and utilities (1.2% vs -0.2% in February) and a notable increase in transport (3.1% vs 0%) amid global energy disruptions driven by the ongoing Middle East conflict. In contrast, costs eased for food and non-alcoholic beverages (0.5% vs 1.4%), furniture, household appliances and general housekeeping (2.1% vs 3.9%), and restaurants and hotels (2.5% vs 2.6%). In addition, deflation deepened for clothing and footwear (-0.9% vs -0.1%), while it remained unchanged for alcoholic beverages and tobacco (3.6% vs 3.6%). On a monthly basis, consumer prices eased to 0.7% from a more than three-year high of 1.1% in February. Meanwhile, harmonized consumer prices rose 2.5% in March, from 1.8% in the prior month, marking its highest level since September 2023.

Consumer prices in Finland rose 0.6% year-on-year in February 2026, rebounding from a 0.2% decline in January. This marked the highest reading since January 2025, largely due to a significant easing of deflation in housing and utilities (-0.2% vs -2.3% in January) and prices stalling in transport (0% vs -0.2%). Overall inflation was also driven by higher consumer prices in furnishings, household equipment and routine household maintenance (3.9% vs 1.6%), recreation, sport and culture (1.7% vs 1.3%), and restaurants and accommodation (2.6% vs 2%). In contrast, costs edged down for food and non-alcoholic beverages (1.4% vs 1.6%) and alcoholic beverages and tobacco (3.6% vs 3.7%), while it declined for clothing and footwear (-0.1% vs 0.3%). On a monthly basis, consumer prices increased to a more than three-year high of 1.1%, recovering from a 0.2% drop in the previous month. Meanwhile, the harmonized consumer prices rose 1.8% from 1% in January, marking its highest level since September.

Consumer prices in Finland fell by 0.2% year-on-year in January 2026, reversing a 0.2% rise in the previous month. Main downward pressure came from declines in costs for housing and utilities (-2.3% vs -2% in December), health (-0.1% vs 5.6%), and miscellaneous goods and services (-4.9% vs -2%). Additionally, inflation moderated for food and non-alcoholic beverages (1.6% vs 2%), information and communication (2.5% vs 4.2%), and recreation, sport and culture (1.3% vs 1.9%). On the other hand, prices increased for alcoholic beverages (3.7% vs 2.3%), clothing and footwear (0.3% vs -0.4%), and education services (11.1% vs 2.8%). On a monthly basis, consumer prices decreased by 0.2% in January, slipping from a 0.2% gain in the preceding period.