In March 2024, the year-on-year change in consumer prices was 2.17 percent in Finland. From onwards January 2021, the CPI is on a steady rise peaking at 9.13 percent in December 2022. Since January 2023 the CPI is declining.
Inflation or currency devaluation (drop in the real value of money), is characterized by a rise in the prices of finished products (consumer goods, capital goods). Vice versa, deflation or currency appreciation refers to an increase in the real value of money, allowing the buyer to purchase more goods and services with the same amount of money. Moreover, the consumer price index tracks price trends of private consumption expenditure.
Change in the Consumer Price Index (CPI) in Finland from March 2021 to March 2024
Characteristic
Annual change in CPI
Mar 2024
2.17%
Feb 2024
2.95%
Jan 2024
3.27%
Dec 2023
3.59%
Nov 2023
3.25%
Oct 2023
4.85%
Sep 2023
5.53%
Aug 2023
5.61%
Jul 2023
6.45%
Jun 2023
6.26%
May 2023
6.81%
Apr 2023
7.92%
Mar 2023
7.93%
Feb 2023
8.79%
Jan 2023
8.44%
Dec 2022
9.14%
Nov 2022
9.13%
Oct 2022
8.31%
Sep 2022
8.11%
Aug 2022
7.61%
Jul 2022
7.78%
Jun 2022
7.79%
May 2022
6.96%
Apr 2022
5.73%
Mar 2022
5.79%
Feb 2022
4.53%
Jan 2022
4.37%
Dec 2021
3.46%
Nov 2021
3.69%
Oct 2021
3.15%
Sep 2021
2.48%
Aug 2021
2.16%
Jul 2021
1.94%
Jun 2021
1.97%
May 2021
2.23%
Apr 2021
2.05%
Mar 2021
1.33%
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Index value 2015 equals 100. The year 2015 is the base year used to calculate the index value.
The source adds the following information: "The Consumer Price Index describes development in the prices of products and services purchased by households in Finland. The Consumer Price Index is used as a general measure of inflation. The Consumer Price Index is calculated with a method in which the prices of different commodities are weighed together with their shares of consumption. The calculation of the index follows Laspeyres’ price index formula whereby the shares of consumption used as the weights relate to the base period."
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Statistics Finland. (April 15, 2024). Change in the Consumer Price Index (CPI) in Finland from March 2021 to March 2024 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/525421/monthly-inflation-rate-cpi-in-finland/
Statistics Finland. "Change in the Consumer Price Index (CPI) in Finland from March 2021 to March 2024." Chart. April 15, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/525421/monthly-inflation-rate-cpi-in-finland/
Statistics Finland. (2024). Change in the Consumer Price Index (CPI) in Finland from March 2021 to March 2024. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/525421/monthly-inflation-rate-cpi-in-finland/
Statistics Finland. "Change in The Consumer Price Index (Cpi) in Finland from March 2021 to March 2024." Statista, Statista Inc., 15 Apr 2024, https://www.statista.com/statistics/525421/monthly-inflation-rate-cpi-in-finland/
Statistics Finland, Change in the Consumer Price Index (CPI) in Finland from March 2021 to March 2024 Statista, https://www.statista.com/statistics/525421/monthly-inflation-rate-cpi-in-finland/ (last visited July 22, 2024)
Change in the Consumer Price Index (CPI) in Finland from March 2021 to March 2024 [Graph], Statistics Finland, April 15, 2024. [Online]. Available: https://www.statista.com/statistics/525421/monthly-inflation-rate-cpi-in-finland/
