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Inflation climbs in June

Published : 14 Jul 2020, 20:33

Updated : 15 Jul 2020, 07:48

  DF Report

File Photo Xinhua.

The year-on-year change in consumer prices in June calculated by the Statistics Finland was -0.0 per cent.

According to the Statistics Finland, inflation stood at -0.2 per cent in May.

The increase in inflation was caused by higher prices of long-distance passenger transport by coach and wireless telephone services, for example.

Consumer prices were raised most in June by increases in the prices of cigarettes, long-distance train journeys, long-distance passenger transport by coach and children's daycare from one year ago.

The rising of consumer prices from one year back was curbed most by reductions in the prices of petrol, hotel rooms, diesel and light fuel oil. From May to June, the month-on-month change of consumer prices was 0.2 per cent, which was caused mainly by higher prices of petrol.

The core inflation (inflation excluding food and energy) was 0.3 in June. Inflation on food (including non-alcoholic beverages) was 2.4 per cent in June and inflation on energy (including fuels, electricity, and petrol) was -8.3 per cent.

Each mid-month, the Statistics Finland's interviewers collect altogether 44,000 prices on nearly 470 commodities from approximately 2,700 outlets for building the Consumer Price Index. The price data is supplemented with scanner data, including around three million food prices. In addition, some 1,000 items of price data are gathered by centralised collection.