Tuesday October 26, 2021

Inflation climbs to 2.5% in September

Published : 14 Oct 2021, 20:46

Updated : 14 Oct 2021, 20:50

  DF Report

Prices of petroleum products on Thursday, October 14, 2021. DF Photo.

The year-on-year change in consumer prices was 2.5 per cent in September, according to Statistics Finland.

In August, inflation stood at 2.2 per cent.

Consumer prices were raised most in September by increases in the prices of capital repair on detached houses, petrol, detached houses, diesel, and renovation of blocks of flats from one year ago.

The rising of consumer prices from one year back was curbed most by reductions in the prices of refundable prescription medicines, children’s day care, average interest rate on housing loans and consumer credit, and games of chance.

From August to September, consumer prices rose by 0.3 per cent which was caused by capital repair on detached houses, for example.

Each mid-month, Statistics Finland's interviewers collect altogether 19,000 prices on nearly 400 commodities from approximately 2,100 outlets for the Consumer Price Index.

The price data is supplemented with scanner data wherefrom 5 million individual prices are included into calculation. In addition, some 1,000 items of price data are gathered by centralised collection.