Inflation Finland 2004
Average inflation: 0.2%
Current Inflation
Inflation is very low at 0.2%, well below the ECB target.
Peak and Trough
The highest inflation was in October at 0.9%. The lowest inflation was in March at -0.5%.
- Highest month
- October: 0.9%
- Lowest month
- March: -0.5%
- Difference
- 1.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 0.8%. The lowest price increase was in Food and non-alcoholic beverages with an average of 0.8%.
- Highest increase
- Food and non-alcoholic beverages: 0.8%
- Lowest increase
- Food and non-alcoholic beverages: 0.8%
Historical Context
Current inflation is 1.5% lower than the 5-year average of 1.7%. This approaches the lowest level since records began (0.2% in 2004).
- 5-year average
- 1.7%
- 10-year average
- 1.4%
- All-time high (1989)
- 6.6%
- All-time low (2004)
- 0.2%
Trend
Inflation shows a downward trend. Compared to 2003, inflation has fallen by +0.7 percentage point.
- Change vs. previous year
- -0.7 percentage points
- Largest monthly swing
- March: -2.1 percentage points
ECB Target
Inflation is 1.8% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 0.2% | -1.2 |
| February | 0.1% | -1.8 |
| March | -0.5% | -2.1 |
| April | -0.4% | -1.5 |
| May | -0.1% | -0.8 |
| June | -0.1% | -0.9 |
| July | 0.3% | -0.2 |
| August | 0.4% | -0.2 |
| September | 0.4% | -0.3 |
| October | 0.9% | +0.6 |
| November | 0.5% | 0.0 |
| December | 0.4% | -0.2 |
| Average | 0.2% |
Data source
Data from OECD. Last updated: 17/12/2025.