Inflation Finland 2022
Average inflation: 7.1%
Current Inflation
Inflation is very high at 7.1%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 9.1%. The lowest inflation was in January at 4.4%.
- Highest month
- November: 9.1%
- Lowest month
- January: 4.4%
- Difference
- 4.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 11.4%. The lowest price increase was in Health with an average of 0.6%.
- Highest increase
- Transport: 11.4%
- Lowest increase
- Health: 0.6%
Historical Context
Current inflation is 4.8% higher than the 5-year average of 2.3%. This approaches the highest level since records began (7.1% in 2022).
- 5-year average
- 2.3%
- 10-year average
- 1.5%
- All-time high (2022)
- 7.1%
- All-time low (2015)
- -0.2%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +4.9 percentage point.
- Change vs. previous year
- +4.9 percentage points
- Largest monthly swing
- July: +5.9 percentage points
ECB Target
Inflation is 5.1% 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 €107.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 4.4% | +3.5 |
| February | 4.5% | +3.6 |
| March | 5.8% | +4.5 |
| April | 5.7% | +3.6 |
| May | 7.0% | +4.8 |
| June | 7.8% | +5.8 |
| July | 7.8% | +5.9 |
| August | 7.6% | +5.4 |
| September | 8.1% | +5.6 |
| October | 8.3% | +5.1 |
| November | 9.1% | +5.4 |
| December | 9.1% | +5.6 |
| Average | 7.1% |
Data source
Data from OECD. Last updated: 11/01/2026.