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Home BUSINESSInflation falls slightly further in February
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Sat, 14 Mar, 2015 12:10:31 AM
FTimes Report, Mar 14
 
File Photo - Lehtikuva.
Change in consumer prices was -0.1 per cent year-on-year in February while inflation stood at -0.2 per cent in January this year as calculated by Statistics Finland.
 
The inflation remained negative particularly as a result of lower prices of liquid fuels, owner-occupied dwellings, dairy products, cheese and eggs compared to February 2014.
 
Consumer prices were pushed up most by increases in rents, retail prices of tobacco products, and price increases in maintenance services of blocks of flats, the statistics show.
 
The rising of consumer prices was curbed in February most by reductions in the prices of liquid fuels, owner-occupied housing and dairy products from the year before.
 
From January to February, consumer prices rose by 0.3 per cent, which was primarily caused by higher prices of air transport, package tours and liquid fuels. The consumer prices decreased mainly due to cheaper bread, meat and dairy products during the time as per the data.
 
The rate of inflation in the euro area was -0.3 per cent in February. In January, it was -0.5 per cent. The corresponding figure for Finland was -0.1 per cent in February, according to the preliminary data on the Harmonised Index of Consumer Prices.
 
The year-on-year change in the Harmonised Index of Consumer Prices stood at -0.1 per cent in February and that in the Index at Constant Taxes measuring market inflation at -0.3 per cent. Over twelve months, the combined raising impact on consumer prices from changes in commodity tax rates was thus 0.2 percentage points, the data show.
 
The month-on-month change in the Harmonised Index of Consumer Prices was 0.3 per cent and that in the Index at Constant Taxes 0.3 per cent in February.
 
The inflation measured by Consumer Price Index consists mainly of products and services priced by enterprises and the public sector, and value added and commodity taxes.
 

Inflation indicators in Finland, February 2015

 

  Point figure      Year-on-year change Change on one month
Consumer Price Index 2010=100 108,6 -0,1% 0,3 %
Cost-of-living Index 1951:10=100 1 902    
Harmonised Index of Consumer Prices 2005=100 121,4 -0,1 % 0,3 %
Harmonised Index of Consumer Prices at Constant Taxes 2005=100 118,0 -0,3 % 0,3 %

Source: Consumer Price Index, Statistics Finland.

 
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