The annual inflation rate in Finland climbed by 2.1% year-on-year in May 2026 from 1.5% in the previous month. This marked the sharpest increase since March 2024, driven largely by higher housing and utilities (0.6% vs -0.3% in April) and transport costs (7.1% vs 5.3%) due to rising fuel costs. Costs also increased for health (6.2% vs 3.6%), particularly for refundable prescription medicines, and furnishings, household equipment and routine household maintenance (4.3% vs 3.4%), while it remained steady for education services at 11.5%. Meanwhile, inflation softened for food and non-alcoholic beverages (1.1% vs 1.7%) and information and communication (4.3% vs 5.2%). On a monthly basis, consumer prices rose by 0.5% in May, accelerating from a 0.1% gain in April. Harmonized consumer prices, the ECB’s preferred measure, increased 2.8% year-on-year, following a 2.4% rise in the preceding period.

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