Finland Times

In July, inflation stood at 0.5 per cent. 

The slight decline in inflation was influenced, for example, by decreases in the consumer prices of liquid fuels and interest rates from one year ago.

 Consumer prices were raised in August by increases in the vehicle tax, hospital fees, dentist fees and rents from one year ago. 

The rising of consumer prices was curbed most by reductions in the prices of liquid fuels and interest rates from the year before.

Examined in the short-term, the fall of inflation was mostly influenced by lower prices of real estate and foreign air transport. From July to August, consumer prices changed by 0.0 per cent, the data show.

According to the preliminary data on the Harmonised Index of Consumer Prices, the rate of inflation in the euro area was 0.2 per cent in August while in July, it was 0.2 per cent. 

The corresponding figure for Finland in August was 0.5 per cent.

Each mid-month, Statistics Finland's interviewers collect altogether around 48,000 prices on nearly 500 commodities from approximately 2,700 outlets for the Consumer Price Index.

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.