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Inflation remains unchanged at 1.3% in September

Published : 15 Oct 2018, 10:42

  DF Report
DF File Photo.

The year-on-year change in consumer prices was 1.3 percent in September, according to the calculation of Statistics Finland. In August, inflation also stood at 1.3 percent.

Consumer prices were raised most in September by increases in the prices of petrol, cigarettes, capital repairs on detached house and electricity from one year ago.

The rising of consumer prices from one year back was curbed most by reductions in the prices of children’s day care, mobile telephones, real estates and refundable prescription medicines.

From August to September, consumer prices changed by 0.2 per cent, which was caused by risen prices of furniture, for example.

Each mid-month, Statistics Finland's interviewers collect altogether around 50,000 prices on nearly 470 commodities from approximately 2,700 outlets for the Consumer Price Index.

In addition, some 1,000 items of price data are gathered by centralised collection.

According to the preliminary data on the Harmonised Index of Consumer Prices, the rate of inflation in the euro area was 2.1 per cent in September. In August it was 2.0 per cent. The corresponding figure for Finland in September was 1.4 per cent.