Paulig and Meira coffee at an S-market in Helsinki. Inflation in Finland was 0.5 percent in March. LEHTIKUVA
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Finland’s annual inflation rate remained at 0.5 percent in March, matching the level recorded in February and marking the lowest rate since December 2020, according to data published by Statistics Finland on Monday.
Consumer prices showed no change between February and March, with a month-on-month rate of 0.0 percent.
The year-on-year inflation figure was primarily driven by increased prices in hospital services, housing maintenance charges and coffee. These categories contributed most to the modest rise in overall consumer costs.
Offsetting the upward pressure were lower electricity prices, reduced interest rates on housing loans and falling consumer credit costs. These factors helped keep overall inflation stable.
The inflation rate has declined sharply over the past year. In March 2023, annual inflation was recorded at 7.9 percent, driven by elevated energy prices and interest rates. The sharp cooling of inflation in early 2025 reflects a broader trend across the euro area, where price pressures have eased due to monetary policy adjustments and declining commodity prices.
Finland’s central bank, in line with the European Central Bank, has cited the declining inflation rate as a key factor in recent interest rate decisions.
HT
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Source: www.helsinkitimes.fi
