In February 2022, the year-on-year change in consumer prices was 4.53 percent in Finland. During the first half of 2019, consumer prices were rising, but starting from September 2019 the monthly inflation rate remained below 1.0 percent until March 2021. The lowest monthly 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.
Change in the Consumer Price Index (CPI) in Finland from February 2019 to February 2022
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. (March 14, 2022). Change in the Consumer Price Index (CPI) in Finland from February 2019 to February 2022 [Graph]. In Statista. Retrieved May 27, 2022, 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 February 2019 to February 2022." Chart. March 14, 2022. Statista. Accessed May 27, 2022. https://www.statista.com/statistics/525421/monthly-inflation-rate-cpi-in-finland/
Statistics Finland. (2022). Change in the Consumer Price Index (CPI) in Finland from February 2019 to February 2022. Statista. Statista Inc.. Accessed: May 27, 2022. https://www.statista.com/statistics/525421/monthly-inflation-rate-cpi-in-finland/
Statistics Finland. "Change in The Consumer Price Index (Cpi) in Finland from February 2019 to February 2022." Statista, Statista Inc., 14 Mar 2022, https://www.statista.com/statistics/525421/monthly-inflation-rate-cpi-in-finland/
Statistics Finland, Change in the Consumer Price Index (CPI) in Finland from February 2019 to February 2022 Statista, https://www.statista.com/statistics/525421/monthly-inflation-rate-cpi-in-finland/ (last visited May 27, 2022)