Inflation Finland 2024
Average inflation: 1.6%
Current Inflation
Inflation is low at 1.6%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in January at 3.3%. The lowest inflation was in December at 0.7%.
- Highest month
- January: 3.3%
- Lowest month
- December: 0.7%
- Difference
- 2.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 7.0%. The lowest price increase was in Transport with an average of -1.1%.
- Highest increase
- Education: 7.0%
- Lowest increase
- Transport: -1.1%
Historical Context
Current inflation is 1.9% lower than the 5-year average of 3.5%.
- 5-year average
- 3.5%
- 10-year average
- 2%
- All-time high (2022)
- 7.1%
- All-time low (2015)
- -0.2%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +4.7 percentage point.
- Change vs. previous year
- -4.7 percentage points
- Largest monthly swing
- April: -6.0 percentage points
ECB Target
Inflation is 0.4% 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 €101.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 3.3% | -5.1 |
| February | 3.0% | -5.8 |
| March | 2.2% | -5.7 |
| April | 1.9% | -6.0 |
| May | 1.5% | -5.3 |
| June | 1.3% | -5.0 |
| July | 1.0% | -5.5 |
| August | 1.2% | -4.4 |
| September | 0.8% | -4.7 |
| October | 1.1% | -3.8 |
| November | 1.0% | -2.3 |
| December | 0.7% | -2.9 |
| Average | 1.6% |
Data source
Data from OECD. Last updated: 11/01/2026.