Monthly inflation rate (CPI) in Finland 2019-2022
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.
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.
