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 July 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.