Inflation rises to 1.1% in October

The year-on-year change in consumer prices was 1.1 per cent in October 2024, according to Statistics Finland.

In September, inflation stood at 0.8 per cent. The acceleration of inflation from September to October was caused by higher prices of electricity, for example.

Consumer prices were raised most in October 2024 by increases in maintenance charges, prices of cigarettes and general hospital fees from one year ago.

The rising of consumer prices from one year back was curbed most by reductions in the prices of petrol, diesel and real estates.

The month-on-month change of consumer prices was 0.5 per cent, which was caused by higher prices of electricity and international flights.

The core inflation of Consumer Price Index was 1.7 per cent.

Core inflation does not include food and energy price changes, as the short-term price fluctuations in these are higher compared to other commodity groups.