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Published: 14 February 2007

Inflation 2.3 per cent in January

The year-on-year change in consumer prices, i.e. inflation, calculated by Statistics Finland was 2.3 per cent in January. In December it stood at 2.2 per cent.

Consumer prices were pushed up most in the year by risen housing costs, principally caused by increases in housing loan interest rates, dwelling prices and rents. Increases in the prices of food and higher consumer credit interest rates also had an impact on inflation. In January, inflation was curbed most by reductions in the prices of liquid fuels, entertainment electronics and home computers, as well as refundable prescription medicines from the year before.

From December to January consumer prices fell by 0.2 per cent, primarily due to clothing sales.

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 - 1/2007

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

Source: Consumer Price Index 2007, January. Statistics Finland

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

Director in charge: Kari Molnar

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Last updated 14.2.2007