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Home BUSINESSInflation declines slightly in June
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Wed, 15 Jul, 2015 12:52:44 AM
FTimes Report, July 15
 
File Photo Lehtikuva.
The year-on-year change in consumer prices calculated by Statistics Finland was -0.1 per cent in June.
 
The inflation stood at -0.0 per cent In May.
 
The slight decline in inflation was influenced, for example, by decreases in the consumer prices of liquid fuels, housing loan interest rates, and subscriptions of periodicals from one year ago.
 
Consumer prices were raised in June by increases in maintenance charges, rents and vehicle tax from one year ago.
 
Compared to one year ago, the biggest decreases were recorded in the consumer prices of liquid fuels, housing loan interest rates, and subscriptions of periodicals.
 
During the month, the most rise was visible in the consumer prices of international air transport and package tours within the EU.
 
The biggest drop was seen in the consumer prices of cigarettes and housing loan interest rates.
 
The consumer prices changed by 0.0 per cent from May to June period.
 
The rate of inflation in the euro area was 0.2 per cent in June, according to the preliminary data on the Harmonised Index of Consumer Prices.  
 
In May, it stood at 0.3 per cent. The corresponding figure for Finland was 0.1 per cent in June.
 
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 year-on-year change in the Harmonised Index of Consumer Prices stood at 0.1 per cent in June and that in the Index at Constant Taxes measuring market inflation at -0.2 per cent.
 
Over twelve months, the combined raising impact on consumer prices from changes in commodity tax rates was thus 0.3 percentage points, the data show.
 
The month-on-month change in the Harmonised Index of Consumer Prices was 0.0 per cent and that in the Index at Constant Taxes 0.0 per cent in June.
 

Inflation indicators in Finland, june 2015

  Point figure Annual change (%) Monthly change (%)
Consumer Price Index 2010=100 108,8 -0,1 0,0
Cost-of-living Index 1951:10=100 1 907    
Harmonised Index of Consumer Prices 2005=100 121,8 0,1 0,0
Harmonised Index of Consumer Prices at Constant Taxes 2005=100 118,3 -0,2 0,0

Source: Consumer Price Index, Statistics Finland.

 
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