Inflation Finland 2021
Average inflation: 2.2%
Current Inflation
Inflation is normal at 2.2%, around the ECB target.
Peak and Trough
The highest inflation was in November at 3.7%. The lowest inflation was in January at 0.9%.
- Highest month
- November: 3.7%
- Lowest month
- January: 0.9%
- Difference
- 2.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 6.5%. The lowest price increase was in Clothing and footwear with an average of -1.3%.
- Highest increase
- Transport: 6.5%
- Lowest increase
- Clothing and footwear: -1.3%
Historical Context
Current inflation is 1.1% higher than the 5-year average of 1.1%.
- 5-year average
- 1.1%
- 10-year average
- 1.1%
- All-time high (2008)
- 4.1%
- All-time low (2015)
- -0.2%
Trend
Inflation shows an upward trend. Compared to 2020, inflation has risen by +1.9 percentage point.
- Change vs. previous year
- +1.9 percentage points
- Largest monthly swing
- November: +3.5 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 0.9% | -0.1 |
| February | 0.9% | +0.1 |
| March | 1.3% | +0.7 |
| April | 2.1% | +2.4 |
| May | 2.2% | +2.4 |
| June | 2.0% | +2.0 |
| July | 1.9% | +1.3 |
| August | 2.2% | +2.0 |
| September | 2.5% | +2.3 |
| October | 3.2% | +3.0 |
| November | 3.7% | +3.5 |
| December | 3.5% | +3.3 |
| Average | 2.2% |
Data source
Data from OECD. Last updated: 11/01/2026.