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Published: 14 August 2007

Inflation 2.6 per cent in July

The year-on-year change in consumer prices, i.e. inflation, calculated by Statistics Finland was 2.6 per cent in July. In June it was 2.4 per cent. Inflation was accelerated above all by increases in the prices of vegetables.

Inflation was put up most in the year by risen interest rates. Increases in food prices, phone call charges and prices of owner-occupied dwellings and real estate, as well as rent increases also had an impact on inflation. Inflation was curbed most in July by reductions from the year before in the prices of entertainment electronics and home computers, liquid fuels and used passenger cars.

From June to July consumer prices fell by 0.1 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 - 7/2007

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

Source: Consumer Price Index 2007, July. 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 14.8.2007