The annual inflation rate in Finland climbed to 7.0% in May 2022 from 5.7% a month earlier. This was the fastest consumer prices since February 1990, with prices of food and non-alcoholic beverages rising the most since December 2008 (9.0 percent vs 6.0 percent in April). Additional upward pressures also came from cost of alcoholic beverages & tobacco (3.0 percent vs 3.1 percent), housing & utilities (8.2 percent vs 7.7 percent), health (2.7 percent vs -0.7 percent), transport (14.5 percent vs 23.5 percent), recreation & culture (3.9 percent vs 4.3 percent), and furnishings (5.8 percent vs 4.1 percent). On a monthly basis, consumer prices increased by 1.3 percent in May, accelerating sharply from April's four month low of a 0.3 percent gain. source: Statistics Finland

Inflation Rate in Finland averaged 4.58 percent from 1961 until 2022, 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. This page provides the latest reported value for - Finland Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Finland Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Inflation Rate in Finland is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Finland Inflation Rate is projected to trend around 3.40 percent in 2023 and 2.00 percent in 2024, according to our econometric models.

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Finland Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-13 05:00 AM Apr 5.7% 5.8% 5.7%
2022-06-14 05:00 AM May 7% 5.7% 7%
2022-07-14 05:00 AM Jun 7%


Related Last Previous Unit Reference
Inflation Rate 7.00 5.70 percent May 2022
Inflation Rate Mom 1.30 0.30 percent May 2022
Consumer Price Index CPI 112.76 111.30 points May 2022
Harmonised Consumer Prices 113.40 112.00 points May 2022
GDP Deflator 112.50 110.72 points Mar 2022
Producer Prices 138.80 135.50 points Apr 2022
Producer Prices Change 31.70 29.20 percent May 2022
Export Prices 149.40 144.50 points May 2022
Import Prices 149.80 143.60 points May 2022
Food Inflation 9.04 5.96 percent May 2022
CPI Transportation 122.70 120.50 points May 2022
CPI Housing Utilities 162.39 160.89 points May 2022
Wholesale Prices 2869.00 2830.00 points Apr 2022

Finland Inflation Rate
In Finland, the most important category in the consumer price index is housing, water, electricity, gas and other fuels (24.6 percent of total weight). Food and non-alcoholic beverages accounts for 13.5 percent; transport for 13.4 percent and recreation and culture for 11.5 percent. Consumer price index in Finland also includes miscellaneous goods and services (7.4 percent); restaurants and hotels (6.8 percent) and furnishings, household equipment and routine household maintenance (5.4 percent). Health; alcoholic beverages and tobacco; clothing and footwear; communication and education account for remaining 17.3 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
7.00 5.70 19.31 -1.54 1961 - 2022 percent Monthly
2015=100; NSA

News Stream
Finnish Inflation Rate Highest Since 1990
The annual inflation rate in Finland climbed to 7.0% in May 2022 from 5.7% a month earlier. This was the fastest consumer prices since February 1990, with prices of food and non-alcoholic beverages rising the most since December 2008 (9.0 percent vs 6.0 percent in April). Additional upward pressures also came from cost of alcoholic beverages & tobacco (3.0 percent vs 3.1 percent), housing & utilities (8.2 percent vs 7.7 percent), health (2.7 percent vs -0.7 percent), transport (14.5 percent vs 23.5 percent), recreation & culture (3.9 percent vs 4.3 percent), and furnishings (5.8 percent vs 4.1 percent). On a monthly basis, consumer prices increased by 1.3 percent in May, accelerating sharply from April's four month low of a 0.3 percent gain.
2022-06-14
Finnish Inflation Rate Stays at Over 31-Year High
The annual inflation rate in Finland was at 5.7 percent in April of 2022, compared with the March's figure of 5.8 percent which was the highest level since August 1990. Prices of food and non-alcoholic beverages went up the most since July 2013 (6.0 percent vs 5.1 percent in March), while additional upward pressures also came from cost of alcoholic beverages & tobacco (3.1 percent vs 2.7 percent), housing & utilities (7.7 percent vs 8.5 percent), transport (23.5 percent vs 13.7 percent), recreation & culture (4.3 percent vs 3.3 percent), and furnishings (4.1 percent vs 2.7 percent). In contrast, cost of health continued to fall (-0.7 percent vs -1.1 percent). On a monthly basis, consumer prices increased 0.3 percent in April, the least in four months, after a 1.5 percent gain in March.
2022-05-13
Finish Inflation Rate Highest Since 1990
The annual inflation rate in Finland accelerated to 5.8 percent in March 2022 from 4.5 percent in the prior month. This was the highest reading since August 1990, with prices of food and non-alcoholic beverages rising the most since July 2013 (5.1 percent vs 4.5 percent in February). Additional upward pressure also came from housing & utilities (8.5 percent vs 7.3 percent), transport (13.7 percent vs 8.9 percent), recreation & culture (3.3 percent vs 2.9 percent), furnishings (2.7 percent vs 2.1 percent), and alcoholic beverages & tobacco (2.7 percent vs 2.3 percent). By contrast, cost of health fell further (-1.1 percent vs -0.6 percent). On a monthly basis, consumer prices went up 1.5 percent in March, the third straight month of increase and the most on record, after a 0.5 percent gain in February.
2022-04-14