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Published: 14 December 2007

Inflation accelerated to 2.9 per cent in November

The year-on-year change in consumer prices, i.e. inflation, calculated by Statistics Finland was 2.9 per cent in November. In October it stood at 2.7 per cent. Inflation was accelerated in particular by higher prices of liquid fuels.

Consumer prices were pushed up most in the year by higher prices of liquid fuels. Risen interest rates, higher phone call charges and increases in the prices of food, owner-occupied dwellings and real estate, as well as rent increases also had an impact on inflation. By contrast, the rise in consumer prices was curbed most in November by fallen prices of used passenger cars, entertainment electronics and computers.

From October to November, consumer prices rose by 0.2 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 - 11/2007

The cost-of-living index and the Harmonised Consumer Price Index will be published in connection with the consumer price index as from January 2008

The cost-of-living index and the Harmonised Index of Consumer Prices are published for the last time on their own home pages on 14 December 2007. Starting from the publication on 14 January 2008, these statistics will be transferred to the home page of the consumer price index.

Source: Consumer Price Index 2007, November. 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 14.12.2007

Referencing instructions:

Official Statistics of Finland (OSF): Consumer price index [e-publication].
ISSN=1799-0254. November 2007. Helsinki: Statistics Finland [referred: 21.11.2024].
Access method: http://www.stat.fi/til/khi/2007/11/khi_2007_11_2007-12-14_tie_001_en.html