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Finland

Finland Inflation Stats

Definitions

  • Consumer price index > 2005 = 100: Consumer price index (2005 = 100). Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Consumer price index > 2005 = 100 per million: Consumer price index (2005 = 100). Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Figures expressed per million population for the same year.
  • Consumer prices > Annual %: Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a fixed basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Duration 1970-1979: Average inflation rate per annum (1970-1979).
  • Duration 1990-2000: Average annual change in consumer price index (%) 1990 - 2000
  • Duration 2000-2003: Approximate average inflation rate 200-2003.
  • GDP deflator > Annual %: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.
  • Inflation, GDP deflator > Annual %: Inflation, GDP deflator (annual %). Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.
  • Inflation, consumer prices > Annual %: Inflation, consumer prices (annual %). Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Year adopted inflation targeting: In an inflation targeting system, the central bank tries to reach a predefined inflation rate in its country. This policy is usually inconsistent with an exchange rate peg. The table states in which year each country adopted an inflation targeting system. 
STAT AMOUNT DATE RANK HISTORY
2008 2.7 2008 30th out of 40
Consumer price index > 2005 = 100 116.59 2012 157th out of 173
Consumer price index > 2005 = 100 per million 21.53 2012 82nd out of 173
Consumer prices > Annual % 0.86% 2005 149th out of 156
Duration 1970-1979 10.4 1979
Duration 1990-2000 1.5% 2000 146th out of 151
Duration 2000-2003 2.5 2003
GDP deflator > Annual % 1.62% 2005 152nd out of 170
Inflation, GDP deflator > Annual % 2.9% 2012 97th out of 183
Inflation, consumer prices > Annual % 2.81% 2012 111th out of 173
Year adopted inflation targeting 1,993 2014 8th out of 11

SOURCES: Wikipedia: Financial and social rankings of sovereign states in Europe; International Monetary Fund, International Financial Statistics and data files. World Bank World Development Indicators.; International Monetary Fund, International Financial Statistics and data files. World Bank World Development Indicators. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; World Development Indicators database; IMF, World Economic Outlook databases; calculated for the Human Development Report Office by the World Bank on the basis of data on the consumer price index from World Bank (2002b); IMF, World Economic Outlook Database; World Bank national accounts data; Wikipedia: Inflation targeting (History and utilizing countries)

Citation

"Finland Inflation Stats", NationMaster. Retrieved from http://www.nationmaster.com/country-info/profiles/Finland/Economy/Inflation