Home > Statistics > Consumer price index > 2008 > June > Inflation 4.4 per cent in June

Published: 14 July 2008

Inflation 4.4 per cent in June

The year-on-year change in consumer prices, i.e. inflation, calculated by Statistics Finland was 4.4 per cent in June. Inflation accelerated from the 4.2 per cent in May mainly due to risen prices of liquid fuels.

Consumer prices were pushed up most in the year by increases in the prices of housing and food. Housing costs went up primarily due to risen energy prices, rents and interest rates. The cost of food went up mainly due to risen prices of dairy products, although there were also increases in the prices of cereal products and meat. Inflation was also pushed up by risen prices of automotive fuels, restaurant and café services and retail prices of alcoholic beverages from last year's June. The rise in consumer prices was curbed most in June by fallen prices of passenger cars, entertainment electronics and computers, as well as eyeglasses.

From May to June consumer prices rose by 0.4 per cent, primarily due to risen fuel prices.

Each mid-month, Statistics Finland interviewers collect around 50,000 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.

Finland's inflation indicators, June 2008

	Point figure	Year-on-year change	Month-on-month change
Consumer Price Index 2005=100	108.8	4.4%	0.4%
Cost-of-living Index 1951:10=100	1 736
Harmonised Index of Consumer Prices 2005=100	107.5	4.3%	0.3%

According to preliminary data, inflation in the EMU countries was 4.0 per cent in June

According to the preliminary data on the Harmonised Index of Consumer Prices, the rate of inflation in the EMU countries was 4.0 per cent in June. In May it stood at 3.7 per cent. The corresponding figure for Finland was 4.3 per cent in June.

Eurostat's estimate of inflation in the EMU area is based on preliminary data from EMU Member States and on the price development of energy. Eurostat will publish detailed data on Harmonised Indices of Consumer Prices for June on 16 July.

Source: Consumer Price Index 2008, June. 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

Tables

Tables in databases

Pick the data you need into tables, view the data as graphs, or download the data for your use.

• Database tables and their variables
• Archived tables

Appendix tables

• Cost-of-living Index 1951:10=100 (14.7.2008)

---

Last updated 14.7.2008