Monthly inflation rate (CPI) in Finland 2020-2023
In March 2023, the year-on-year change in consumer prices was 7.93 percent in Finland. During 2020, consumer prices remained stable. The lowest monthly inflation rate of -0.31 percent in April 2020 was mainly caused by lower petrol prices. Since January 2021, the CPI is on a steady rise peaking at 9.14 percent in December 2022.
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.
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.
