Fuel price hike prompts to raise Inflation to 1.5% in April

The year-on-year change in consumer prices was 1.5 per cent in April, according to Statistics Finland.

In March, inflation stood at 1.1 per cent. The increase in inflation was caused by a rise in petrol prices, for example.

Consumer prices were raised most in April by increases in the prices of electricity, renovations of detached house, petrol, cigarettes and rents from one year ago.

The rising of consumer prices from one year back was curbed most by reductions in the prices of mobile phones, televisions, detached houses and child day care fees.

From March to April, the month-on-month change of consumer prices was 0.6 per cent, which was caused by higher prices of refundable prescription medicines, petrol and international flights, 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.