Inflation increases to 1.1% in August

The year-on-year change in consumer prices calculated by Statistics Finland was 1.1 per cent in August.

In July inflation stood at 0.8 per cent. The increase in inflation was caused by higher prices of vegetables, for example, according to Statistics Finland.

Consumer prices were raised most in August by increases in the prices of cigarettes, electricity, rents and wireless telephone services 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, outdoor equipment for sport, regular ferry service and petrol.

From July to August the month-on-month change of consumer prices was 0.4 per cent, which was caused by vegetables being more expensive, for example.

Each mid-month, Statistics Finland's interviewers collect altogether 44,000 prices on nearly 470 commodities from approximately 2,700 outlets for the Consumer Price Index.

Price data is supplemented with scanner data including around 3 million food prices. In addition, some 1,000 items of price data are gathered by centralised collection.