Future economic developments in Europe depend very much on the strength of inflation. If inflation is not contained, it could lead to a deep recession in Europe. This situational picture is such that it requires continuous monitoring in Finland and its economic decision-making. The positive thing for Finland is that we have been able to curb inflation despite the fact that we border Russia. This blog post presents a data-based situational picture analysis of Finland and the European Union, which shows that Finland has so far succeeded reasonably well in fighting inflationary pressures.