The annual inflation rate in Finland came in at 0.2 percent in November 2020, unchanged from the previous three months. Prices rose softer for food and non-alcoholic beverages (1.5 percent vs 1.7 percent in October), while inflation was steady for education (at 1.0 percent). Meantime, prices of alcoholic beverages & tobacco rose more (3.2 percent vs 2.8 percent) while those of housing & utilities rebounded (0.1 percent vs -0.2 percent). At the same time, recreation & culture prices were flat in November, after increasing by 0.2 percent in the prior month. On the other hand, prices continued to drop for transport (-2.1 percent vs -1.7 percent), clothing & footwear (-1.4 percent vs -0.9 percent) and furnishings (-0.8 percent vs -0.2 percent). On a monthly basis, consumer prices edged down 0.1 percent in November, after a 0.1 percent rise in October. source: Statistics Finland
Inflation Rate in Finland averaged 4.62 percent from 1961 until 2020, 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 December of 2020.
Inflation Rate in Finland is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Finland to stand at 1.20 in 12 months time. In the long-term, the Finland Inflation Rate is projected to trend around 1.40 percent in 2021 and 2.00 percent in 2022, according to our econometric models.