The annual inflation rate in Finland surged to 8.3 percent in October 2022 from 8.1 percent in September. This was the highest reading since December 1983, as prices of food and non-alcoholic beverages rose at another record pace (15.7% vs 14.5% in September). Additional upward pressures came from cost of alcoholic beverages & tobacco (4.4% vs 4.3%); housing & utilities (9.7% vs 9.6%), mainly due to electricity and rising housing loans; transport (9.3% vs 10.6%), largely linked to prices of diesel and petrol; furnishings (6.5% vs 6.8%); health (1.3% vs -0.4%); recreation & culture (5.7% vs 5.1%); restaurants (7.5% vs 7.8%); and miscellaneous goods and services (6.0% vs 4.9%). On a monthly basis, consumer prices were up by 0.9 percent in October, the most in five months, after a 0.8 percent gain in September. source: Statistics Finland
Inflation Rate in Finland averaged 4.60 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 November of 2022.
Inflation Rate in Finland is expected to be 8.40 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.