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Published: 14 December 2005

Inflation 0.9 per cent in November

The year-on-year change in consumer prices, i.e. inflation, compiled by Statistics Finland was 0.9 per cent in November. In October it was 0.8 per cent.

Although the prices of liquid fuels fell further in November, they were still so much more expensive compared with last year's November that consumer prices were pushed up by 0.4 percentage points over the year. Restaurant prices and rents also rose from the year before. Risen charges of cultural and leisure services and higher prices of dwellings also had an impact on inflation. The rise in consumer prices was curbed by lower telephone charges and fallen prices of vegetables and passenger cars, and the fall in interest rates.

From October to November, consumer prices fell by 0.3 per cent. The fall was mainly due to lower prices of liquid fuels.

Each mid-month, Statistics Finland interviewers collect around 50,000 prices on 492 commodities from approximately 3,000 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 - 11/2005

Index point figures are available here (only in Finnish): Consumer Price Index 2000=100

Consumer Price Index will be revised at the turn of the year

The commodity basket and weight structure of the Consumer Price Index will be revised to correspond to the consumption structure of the year 2005. The first new index, Consumer Price Index 2005=100, for January 2006 will be released on 17 February 2006.

Source: Consumer Price Index 2005, November. Statistics Finland

Inquiries: Mr Juhani Pekkarinen +358 9 1734 3476, Ms Mari Ylä-Jarkko +358 9 1734 3310, Mr Timo Koskimäki +358 9 1734 3479, khi.tilastokeskus@stat.fi

Director in charge: Mr Kari Molnar

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Last updated 14.12.2005