Latest reading: Harmonized consumer prices rose 1.8% on a year-on-year basis in February, following a 1.6% increase in the prior...
Inflation in Finland
Harmonized consumer price inflation averaged 1.8% in the ten years to 2024. The 2024 average figure was 1.0%. For more inflation information, visit our dedicated page.
Finland Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Finland from 2014 to 2025.
Source: Macrobond.
Finland Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 2.1 | 7.2 | 4.3 | 1.0 | 1.8 |
| Inflation (CPI, ann. var. %, eop) | 3.5 | 9.1 | 3.6 | 0.7 | 0.2 |
| Inflation (CPI, ann. var. %, aop) | 2.2 | 7.1 | 6.3 | 1.6 | 0.3 |
| Inflation (HICP, ann. var. %, eop) | 3.2 | 8.8 | 1.3 | 1.6 | 1.7 |
| Inflation (PPI, ann. var. %, aop) | 12.7 | 24.2 | -3.9 | -2.3 | -0.4 |
Inflation eases in January from December
Latest reading: Harmonized consumer prices rose 1.1% on a year-on-year basis in January, following a 1.7% increase in the prior month. January's reading was the weakest since September 2024, and the first to use the newly chosen base year of 2025 in its calculation. Relative to the prior month's figures, there were reduced price pressures for food and non-alcoholic beverages (+1.7% on a year-on-year basis vs +2.0% in December), transportation (-0.2% vs 0.0% in December), housing and utilities (+0.6% vs +1.4% in December), recreation (+1.6% vs +2.4% in December) and restaurants and hotels (+2.1% vs +2.3% in December). In January, the reduced VAT tax rate—which is applicable to food, medicines, public transport and restaurant services—was reduced by 0.5 percentage points to 13.5%. Excise duties on petrol and fuel were also trimmed. Meanwhile, taxes on alcoholic beverages were hiked by an average of 9%, while tobacco taxes rose by 37% and will continue rising every six months until mid-2027. Meanwhile, consumer prices fell 0.2% on a year-on-year basis in January, following a 0.2% rise in the previous month. Lastly, harmonized consumer prices were down 0.12% in January in month-on-month terms, following a 0.24% increase in the prior month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Finnish inflation projections for the next ten years from a panel of 15 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Finnish inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Finnish inflation projections.
Want to get access to the full dataset of Finnish inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Luxembourg: Inflation rises in February from January -
Croatia: Inflation accelerates in February from the prior month Latest reading: Harmonized consumer prices increased 3.9% in annual terms in February, following a 3.6% rise in the previous month.... -
Ireland: Inflation ebbs in February from the prior month Latest reading: Harmonized consumer prices increased 2.5% in annual terms in February, following a 2.6% rise in the prior month.... -
Hong Kong: Inflation picks up in February from January Latest reading: Consumer prices increased 1.7% in annual terms in February, following a 1.2% rise in the previous month. February’s... -
Italy: Inflation picks up in February from January Latest reading: Harmonized consumer prices were up 1.5% on a year-on-year basis in February, following a 1.0% rise in the... -
Slovakia: Inflation decelerates in February but remains high Latest reading: Harmonized consumer prices increased 4.0% in annual terms in February, following a 4.3% rise in the previous month.... -
Slovenia: Inflation rises in February from January Latest reading: Harmonized consumer prices increased 2.8% on a year-on-year basis in February, following a 2.4% increase in the previous...