2026.02.1906:00:00UTC+00Finland Slips Back Into Deflation as January CPI Turns Negative YoY

Finland’s consumer price index (CPI) moved into negative territory in January 2026, with year-over-year inflation slipping to -0.2%, according to data updated on 19 February 2026. This marks a reversal from December 2025, when the annual inflation rate stood at a modest 0.2%.

On a year-over-year basis, the January reading indicates that overall consumer prices were slightly lower than in January a year earlier, underscoring renewed disinflationary pressures in the Finnish economy. The shift from positive to negative inflation within a month suggests that weak demand, falling specific price components, or both may be weighing on consumer prices.

While the data release does not specify the drivers of the decline, the move into negative CPI territory raises the risk of a more persistent deflationary trend if it continues in the coming months. Policymakers and markets are likely to watch upcoming releases closely to assess whether January’s figure is a temporary dip or an early signal of broader price weakness in Finland.