Inflation Finland 1971
Average inflation: 6.5%
Inflation in 1971
Inflation is very high at 6.5%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 8.7%. The lowest inflation was in January at 3.5%.
- Highest month
- December: 8.7%
- Lowest month
- January: 3.5%
- Difference
- 5.2 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 1.3 percentage points higher than the 5-year average of 5.2%.
- 5-year average
- 5.2%
- 10-year average
- 5.4%
- All-time high (1956)
- 11.6%
- All-time low (1959)
- 1.5%
Trend
Over the period 1969-1971, inflation shows an upward trend. Compared to 1970, inflation has risen by 3.8 percentage points.
- Change vs. previous year
- +3.8 percentage points
- Largest monthly swing
- November: +5.7 percentage points
ECB Target
Inflation is 4.5 percentage points above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €106.50 next year at this inflation rate.
Multi-year trend
Monthly figures 1971
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1970 |
|---|---|---|
| January | 3.5% | +1.3 |
| February | 4.0% | +1.6 |
| March | 4.3% | +1.1 |
| April | 4.7% | +2.1 |
| May | 5.1% | +2.6 |
| June | 6.7% | +4.0 |
| July | 7.1% | +4.4 |
| August | 7.7% | +4.8 |
| September | 8.5% | +5.6 |
| October | 8.5% | +5.6 |
| November | 8.6% | +5.7 |
| December | 8.7% | +5.6 |
| Average | 6.5% |
Data source
Data from OECD. Last updated: 20/12/2025.