Home > Statistics > Consumer price index > 2007 > August > Inflation slowed down to 2.3 per cent in August

Published: 14 September 2007

Inflation slowed down to 2.3 per cent in August

The year-on-year change in consumer prices, i.e. inflation, calculated by Statistics Finland slowed down to 2.3 per cent in August. In July it was 2.6 per cent. Inflation was slowed down above all by decreases in the prices of vegetables and liquid fuels.

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

From July to August, consumer prices rose by 0.1 per cent.

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 - 8/2007

Source: Consumer Price Index 2007, August. 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 14.9.2007