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Published: 14 June 2006

Inflation accelerated to 1.7 per cent in May

The year-on-year change in consumer prices, i.e. inflation, calculated by Statistics Finland accelerated to 1.7 per cent in May. In April it was 1.3 per cent. Inflation was particularly quickened by higher prices of liquid fuels.

Consumer prices were pushed up most in the year by higher prices of housing: prices of dwellings rose, rents were increased and repair and maintenance charges went up. Risen prices of fuels had an almost equal impact on inflation. Consumer prices were also raised by higher prices of food and risen restaurant prices. Inflation was curbed by lower prices of telephone call charges and entertainment electronics and data processing equipment from the year before.

From April to May consumer prices rose by 0.1 per cent.

Each mid-month, Statistics Finland interviewers collect around 55,000 prices on 497 commodities from approximately 3,500 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 - 5/2006

Index point figures are available here (only in Finnish): Consumer Price Index 2005=100

Consumer Price Index revised

The commodity basket and weight structure of the Consumer Price Index were revised to correspond to the consumption structure of the year 2005. The first new index, Consumer Price Index 2005=100, for January 2006 was released on 17 February 2006 at 10 am.

Source: Consumer Price Index 2006, May. Statistics Finland

Inquiries: Mr Juhani Pekkarinen +358 9 1734 3476, Mr Jari Harjunpää +358 9 1734 3472, Mr Timo Koskimäki +358 9 1734 3479, khi.tilastokeskus@stat.fi

Director in charge: Mr Kari Molnar

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Last updated 14.6.2006

Referencing instructions:

Official Statistics of Finland (OSF): Consumer price index [e-publication].
ISSN=1799-0254. May 2006. Helsinki: Statistics Finland [referred: 21.11.2024].
Access method: http://www.stat.fi/til/khi/2006/05/khi_2006_05_2006-06-14_tie_001_en.html