Finnish Inflation Rate Highest in Over 2 Years

The annual inflation rate in Finland rose to 2.2% in August 2026 from 2.1% in each of the previous three months, marking the highest reading since March 2024. Price growth accelerated for food and non-alcoholic beverages (1.6% vs 0.7% in July), furnishings, household equipment and routine household maintenance (4.7% vs 3.3%), transport (7.3% vs 5.8%), and recreation and culture (1.9% vs 1.4%), while it rebounded for insurance and financial services (0.4% vs -0.5%). Additionally, deflation eased in clothing and footwear (-1.4% vs -1.6%) and miscellaneous goods and services (-1.5% vs -1.8%). In contrast, inflation slowed in alcoholic beverages and tobacco (3.6% vs 4.6%), housing and utilities (1.3% vs 2.1%), health (3.0% vs 3.5%), information and communication (3.1% vs 3.7%), education (5.8% vs 11.5%), and restaurants and accommodation services (1.4% vs 2.2%). On a monthly basis, consumer prices fell 0.2%, reversing a 0.2% gain in the previous month.

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.