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Published: 14 November 2007

Inflation 2.7 per cent in October

The year-on-year change in consumer prices, i.e. inflation, calculated by Statistics Finland was 2.7 per cent in October. In September it stood at 2.6 per cent.

Consumer prices were again pushed up most in the year by increased cost of housing. Housing prices were pushed up primarily by risen housing loan interest rates, higher prices of owner-occupied flats and real estate, as well as rent increases. Risen running costs of vehicles and phone call charges, higher interest rates on consumer credits, as well as increases in food prices and restaurant and café prices also had an impact on inflation. By contrast, the rise in consumer prices was curbed most in October by fallen prices of entertainment electronics, computers and used passenger cars.

From September to October, consumer prices rose by 0.3 per cent.

Each mid-month, Statistics Finland interviewers collect around 60,000 prices on 497 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.

Year-on-year change in consumer prices 1/2001 - 10/2007

Source: Consumer Price Index 2007, October. Statistics Finland

Inquiries: Mr Juhani Pekkarinen +358 9 1734 3476, Ms Kati Heikkinen +358 9 1734 3472, khi.tilastokeskus@tilastokeskus.fi

Director in charge: Mr Kari Molnar

Tables

Tables in databases

• Database tables and their variables - Monthly data
• Database tables and their variables - Annual data
• Database tables and link to archive base

Calculators

• Change in the value of money

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Last updated 14.11.2007