Finnish Inflation Rate Steady in July

The annual inflation rate in Finland stood at 2.1% in July 2026, unchanged from the previous two months and remaining at its highest level since March 2024. Price growth accelerated for housing and utilities (2.1% vs 1.9% in June), alcoholic beverages and tobacco (4.6% vs 3.4%), information and communication (3.7% vs 1.5%), recreation and culture (1.4% vs 1.2%), and restaurants and accommodation services (2.2% vs 2.1%). In addition, inflation was unchanged for food and non-alcoholic beverages (0.7%) and education (11.5%), while deflation eased for insurance and financial services (-0.5% vs -1.6%). On the other hand, prices moderated for transport (5.8% vs 6.2%), furnishings, household equipment and routine household maintenance (3.3% vs 3.5%), and health (3.5% vs 4.0%). Prices also slipped for clothing and footwear (-1.6% vs 0.8%). On a monthly basis, consumer prices rose 0.2%, rebounding from a 0.2% decline in the previous month.

The annual inflation rate in Finland stood at 2.1% in June 2026, unchanged from the previous month. It remained the highest reading since March 2024, as prices increased at a faster pace for housing and utilities (1.9% vs 0.6% in May) and restaurants and accommodation (2.1% vs 1.8%) while deflation softened for insurance and financial services (-1.6% vs -2.6%) and personal care, social protection, and miscellaneous goods and services (-1.8% vs -2.2%). Meanwhile, costs particularly slowed for food and non-alcoholic beverages (0.7% vs 1.1%), transport (6.2% vs 7.1%), furnishings, household equipment and routine household maintenance (3.5% vs 4.3%), health (4% vs 6.2%), and information and communication (1.5% vs 4.3%). On a monthly basis, consumer prices fell 0.2%, reversing a 0.5% gain in May and marking the first monthly decline since January. Meanwhile, harmonized consumer prices, the ECB's preferred measure, rose 2.7% year-on-year in June, following a 2.8% rise in the prior month.

The annual inflation rate in Finland climbed by 2.1% year-on-year in May 2026 from 1.5% in the previous month. This marked the sharpest increase since March 2024, driven largely by higher housing and utilities (0.6% vs -0.3% in April) and transport costs (7.1% vs 5.3%) due to rising fuel costs. Costs also increased for health (6.2% vs 3.6%), particularly for refundable prescription medicines, and furnishings, household equipment and routine household maintenance (4.3% vs 3.4%), while it remained steady for education services at 11.5%. Meanwhile, inflation softened for food and non-alcoholic beverages (1.1% vs 1.7%) and information and communication (4.3% vs 5.2%). On a monthly basis, consumer prices rose by 0.5% in May, accelerating from a 0.1% gain in April. Harmonized consumer prices, the ECB’s preferred measure, increased 2.8% year-on-year, following a 2.4% rise in the preceding period.