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Home BUSINESSTravel expenses, food and beverage price impact on inflation
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Tue, 15 Jan, 2013 12:04:34 PM
2.8 percent inflation in 2012
FTimes Report, January 15


The country´s average inflation rate for the year 2012 was 2.8 percent, said study report of the Statistics Finland on Monday.
The year-on-year change in consumer prices,  inflation, calculated by was 2.4 percent in December, which was 2.2 percent in November, said the report, adding that the slight acceleration in inflation was due to increases in the prices of air travel and vegetables..
The report also said that the consumer prices were pushed up most from the previous year by risen prices of food, transport, alcoholic beverages and tobacco in December.
The cost of food increased due to high prices of meat, vegetables, dairy products and fruits. Transport costs rose especially due to increases in the prices of public transport and fuel, and the raised vehicle tax.
 The increases prices in the service of restaurant and café  and in rents similarly had a great impact on inflation.
According to the report, the rising of consumer prices was curbed most in December by fallen interest rates and prices of telecommunication services from the year before. From November to December, consumer prices rose by 0.1 percent.
The statistics also said that inflation in the euro area was 2.2 percent in December.
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