In April 2020, the change in consumer prices amounted to -0.3 percent in Finland. During the first half of 2019, consumer prices were rising, but starting from September 2019 consumer prices remained below 1.0 percent. The lowest inflation rate of -0.31 percent in April 2020 was mainly caused by lower petrol prices.
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.
Annual change in the monthly Consumer Price Index (CPI) in Finland from January 2019 to April 2020
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Statistics Finland. (May 14, 2020). Annual change in the monthly Consumer Price Index (CPI) in Finland from January 2019 to April 2020 [Graph]. In Statista. Retrieved May 26, 2020, from https://www.statista.com/statistics/525421/monthly-inflation-rate-cpi-in-finland/
Statistics Finland. "Annual change in the monthly Consumer Price Index (CPI) in Finland from January 2019 to April 2020." Chart. May 14, 2020. Statista. Accessed May 26, 2020. https://www.statista.com/statistics/525421/monthly-inflation-rate-cpi-in-finland/
Statistics Finland. (2020). Annual change in the monthly Consumer Price Index (CPI) in Finland from January 2019 to April 2020. Statista. Statista Inc.. Accessed: May 26, 2020. https://www.statista.com/statistics/525421/monthly-inflation-rate-cpi-in-finland/
Statistics Finland. "Annual Change in The Monthly Consumer Price Index (Cpi) in Finland from January 2019 to April 2020." Statista, Statista Inc., 14 May 2020, https://www.statista.com/statistics/525421/monthly-inflation-rate-cpi-in-finland/
Statistics Finland, Annual change in the monthly Consumer Price Index (CPI) in Finland from January 2019 to April 2020 Statista, https://www.statista.com/statistics/525421/monthly-inflation-rate-cpi-in-finland/ (last visited May 26, 2020)
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