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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Finland Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-10-14 05:00 AM Sep 8.1% 7.6% 8%
2022-11-14 06:00 AM Oct 8.3% 8.1% 8.0%
2022-12-14 06:00 AM Nov 8.3%


Related Last Previous Unit Reference
Inflation Rate 8.30 8.10 percent Oct 2022
Inflation Rate MoM 0.90 0.80 percent Oct 2022
Consumer Price Index CPI 116.00 114.90 points Oct 2022
Harmonised Consumer Prices 116.10 115.20 points Oct 2022
GDP Deflator 114.84 112.50 points Jun 2022
Producer Prices 148.40 148.30 points Oct 2022
Producer Prices Change 22.30 23.70 percent Oct 2022
Export Prices 150.80 147.10 points Oct 2022
Import Prices 149.40 152.70 points Oct 2022
Wholesale Prices 3042.00 3088.00 points Oct 2022
Food Inflation 15.73 14.51 percent Oct 2022
CPI Transportation 121.20 120.10 points Oct 2022
CPI Housing Utilities 170.79 168.89 points Oct 2022

Finland Inflation Rate
In Finland, the most important category in the consumer price index is housing, water, electricity, gas and other fuels (25 percent of total weight). Food and non-alcoholic beverages accounts for 14 percent; transport for 13 percent and recreation and culture for 12 percent. Consumer price index in Finland also includes miscellaneous goods and services (7 percent); restaurants and hotels (7 percent) and furnishings, household equipment and routine household maintenance (5 percent). Health; alcoholic beverages and tobacco; clothing and footwear; communication and education account for remaining 17 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
8.30 8.10 19.31 -1.54 1961 - 2022 percent Monthly
2015=100; NSA

News Stream
Finnish Inflation Rate at 38-Year High
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.
2022-11-14
Finnish Inflation Rate Highest Since 1984
The annual inflation rate in Finland climbed to 8.1 percent in September 2022 from August’s of 7.6 percent. It was the highest inflation rate since March 1984, due mainly to higher prices of electricity and increases in average interest rate on housing loans. Main upward pressures largely came from cost of housing & utilities (9.6% vs 9.0% in August), food and non-alcoholic beverages (14.5% vs 12.5%), transport (10.6% vs 11.3%), furnishings (6.8% vs 8%), recreation & culture (5.1% vs 4.4%), and alcoholic beverages & tobacco (4.3% vs 3.8%). By contrast, cost of health fell by 0.4%, reversing from a 0.2% rise in the prior month. On a monthly basis, consumer prices were up by 0.8 percent in September, the most in four months, after a 0.1 percent gain in August, wich was the least in eight months.
2022-10-14
Finnish Inflation Rate Stays Elevated
The annual inflation rate in Finland edged down to 7.6 percent in August 2022 from July's over 38-year high of 7.8 percent. Cost eased for both housing & utilities (9.0% vs 9.2% in July) and transport (11.3% vs 14.6%), amid a sharp slowdown in prices of health (0.2% vs 1.5%). Meanwhile, inflation accelerated for alcoholic beverages & tobacco (3.8% vs 3.4%), furnishings (8% vs 7.4%), and recreation & culture (4.4% vs 4.0%). Also, prices of food and non-alcoholic beverages rose at another record pace (12.5% vs 12.4%). On a monthly basis, consumer prices increased by 0.1 percent in August, the least in eight months, after a 0.3 percent gain in July.
2022-09-14