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Published: 14 July 2006

Rate of inflation 1.7 per cent in June

The year-on-year change in consumer prices, i.e. inflation, calculated by Statistics Finland was in June unchanged from May, in other words 1.7 per cent.

Consumer prices were pushed up most in the year by risen housing costs as dwelling prices, rents and housing loan interest rates went up. Increases in fuel, food and restaurant prices also put upward pressure on inflation. The rise in consumer prices was curbed by fallen prices of telephone call charges, entertainment electronics and data processing equipment from the year before.

From May to June 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 - 6/2006

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

Source: Consumer Price Index 2006, June. Statistics Finland

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

Director in charge: Mr Kari Molnar

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Last updated 14.7.2006