Inflation in Oct remains unchanged at 0.2%

The year-on-year change in consumer prices calculated by the Statistics Finland was 0.2 per cent in October. In September, inflation stood also at 0.2 per cent.

Consumer prices were raised most in October by increases in the prices of cigarettes, vegetables, games of chance, medical examination and treatment fees, and wireless telephone services from one year ago.

The rising of consumer prices from one year back was curbed most by reductions in the prices of hotel rooms and fuels as well as decreases in average interest rate on housing loans.

From September to October, the month-on-month change of consumer prices was 0.1 per cent which was caused by higher prices of international flights, for example.

Each mid-month, Statistics Finland’s interviewers collect altogether 21,000 prices on nearly 470 commodities from approximately 2,200 outlets for building the Consumer Price Index.