Inflation increases to 1.5% in October

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

In September, inflation stood at 1.3 per cent. The slight increase in inflation from September to October was caused by, among other things, higher prices of electricity.

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

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

From September to October, consumer prices changed by 0.2 per cent, which was caused by the rise in electricity prices, 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.