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Home BUSINESSInflation declines further in Sept
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Thu, 15 Oct, 2015 12:02:59 AM
FTimes Report, Oct 15
File Photo Lehtikuva.
The year-on-year change in consumer prices as calculated by Statistics Finland was minus 0.6 per cent in September.
 
The inflation was minus 0.2%  in August.
 
The slight decline in inflation was influenced, for example, by decreases in the consumer prices of liquid fuels, housing loan interest rates and internet subscription charge from one year ago.
 
Consumer prices were raised most in September by increases in rents and maintenance charges 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 Internet subscription charge. During the month, most rise was visible in the consumer prices of vehicle tax, the data show.
 
The biggest decrease was seen in the consumer prices of liquid fuels. Consumer prices changed by 0.1 per cent from August to September.
 
According to preliminary data, inflation in the euro area was -0.1 per cent in September The rate of inflation in the euro area was -0.1 per cent in September, according to the preliminary data on the Harmonised Index of Consumer Prices.
 
It stood at 0.1 per cent in August.
 
The corresponding figure for Finland in September was -0.7 per cent.
 
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.
 
Some 25 per cent of the private consumption described by the Harmonised Index of Consumer Prices (HICP) consists of value added or other taxes.  
 

Inflation indicators in Finland, September 2015

 

  Point figure Annual change (%) Monthly change (%)
Consumer Price Index 2010=100 108,9 -0,6 0,1
Cost-of-living Index 1951:10=100 1 908    
Harmonised Index of Consumer Prices 2005=100 121,7 -0,7 0,1
Harmonised Index of Consumer Prices at Constant Taxes 2005=100 118,2 -0,9 0,1

Source: Consumer Price Index, Statistics Finland.

 
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