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Home BUSINESSInflation goes down as vegetables cheaper
Sat, 14 Sep, 2013 12:00:17 AM
FTimes Report, September 14

The Statistics Finland data shows that the year-on-year change in consumer prices, i.e. country’s inflation, has slowed down to 1.2 per cent in August from 1.6 in July. 

The inflation slowed down particularly because the vegetable prices went down from July.

Most of the inflation in August was caused by increases in food prices. Food prices went up in the year particularly due to higher prices of meat and dairy products. Increases in restaurant prices and prices of prescription medicines, as well as increases in rents also affected inflation. 

Increase of consumer prices was curbed most in August by fallen interest rates and prices of telecommunication services from the year before. From July to August, consumer prices went down by 0.2 per cent, primarily because prices of flights, boat trips and vegetables went down.

Meanwhile, inflation in the euro area slowed down to 1.3 per cent in August from 1.6 in July, according to preliminary data.

The preliminary data on the Harmonised Index of Consumer Prices shows the rate of inflation in the euro area slowed down to 1.3 per cent in August. In July it was 1.6 per cent. The corresponding figure for Finland was 2.1 per cent in August.

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