Saturday, 16 February, 2019

Hike of vegetables, petrol, cigarettes prices cause inflation

15 Jun 2018, 01:55 ( 8 Months ago)

DF Report
DF File Photo.

The year-on-year change in consumer prices was 1.0 per cent in May, according to Statistics Finland.

In April, inflation stood at 0.8 per cent. The rise in inflation from April to May was mainly caused by increased prices of vegetables and petrol.

Consumer prices were raised most in May from one year ago by increases in the prices of cigarettes, petrol, cucumber and rents for market financed dwelling.

The rising of consumer prices from one year back was curbed most by reductions in the prices of children’s day care, mobile telephones, second-hand passenger cars and long-distance train journeys.

Each mid-month, Statistics Finland's interviewers collect altogether around 50,000 prices on nearly 470 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.