Sat, 14 Jun, 2014 12:02:33 AM FTimes Report, June 14  File Photo - Lehtikuva. The year-on-year change in consumer prices calculated by Statistics Finland was 0.8 per cent down in May.
According to the Statistics Finland, the inflation slowed down particularly because prices of vegetables went down.
On the other hand, the inflation in the euro area slowed down to 0.5 per cent during the same period.
In May, consumer prices were pushed up most in the year by rent increases, and higher prices of out-patient care and hospital services. Price increases in restaurant and café services and alcoholic beverages also affected inflation.
The rising of consumer prices was curbed most in May by fallen prices of vegetables, entertainment electronics and detached houses from one year ago.
File Photo - Lehtikuva. From April to May, consumer prices fell by 0.2 per cent, primarily due to decrease in the price of vegetables.
According to the preliminary data on the Harmonised Index of Consumer Prices, the rate of inflation in the euro area slowed down to 0.5 per cent in May from 0.7 per cent in April. The corresponding figure for Finland was 1.0 per cent in May.
The Harmonised Index of Consumer Prices does not include owner-occupancy, games of chance, interests on consumption and other credits, fire insurance on owner-occupied dwellings or the vehicle tax.
The consumption items included in the Harmonised Index of Consumer Prices, as well as the rules governing its compilation, have been defined in EU regulations.
Eurostat’s estimate of inflation in the euro area is based on preliminary data from the Member States and on the price development of energy.
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