Home > Statistics > Consumer price index > 2007 > March > Inflation accelerated to 2.6 per cent in March

Published: 13 April 2007

Inflation accelerated to 2.6 per cent in March

The year-on-year change in consumer prices, i.e. inflation, calculated by Statistics Finland was 2.6 per cent in March. In February it was 2.2 per cent. Inflation was speeded up above all by increases in the prices of liquid fuels and phone call charges.

Consumer prices were pushed up most in the year by increased cost of housing. Housing prices were put up primarily by risen housing loan interest rates and prices of owner-occupied flats and real estate, and increases in rents and electricity prices. Risen interest rates on consumer credits and increases in the prices of food and phone call charges also had a bearing on inflation. Inflation was curbed most in March by reductions from the year before in the prices of entertainment electronics and home computers, reimbursable prescription medicines and used passenger cars.

From February to March, consumer prices went up by 0.8 per cent, primarily due to increases in the prices of liquid fuels, and clothing and footwear.

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 - 3/2007

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

Source: Consumer Price Index 2007, March. Statistics Finland

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

Director in charge: Mr Kari Molnar

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Last updated 13.4.2007