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Published: 17 February 2006

Inflation 0.8 per cent in January

The year-on-year change in consumer prices, i.e. inflation, calculated by Statistics Finland was 0.8 per cent in January. In December it was 1.0 per cent.

Consumer prices were pushed up most in the year by higher prices of liquid fuels. Risen prices of dwellings, higher rents and increased restaurant and cafe prices also had an impact on inflation. Inflation was curbed most by lower telephone charges and fallen prices of entertainment electronics, home computers and private cars.

From December to January, consumer prices fell by 0.3 per cent. The fall was almost entirely due to the starting of clothes sales.

Each mid-month, Statistics Finland interviewers collect around 55,000 prices on 497 commodities from approximately 3,500 outlets for the Consumer Price Index. In addition, some 1,000 items of price data are gathered by centralised collection.

Year-on-year change in consumer prices 1/2001 - 1/2006

Consumer Price Index revised

The commodity basket and weight structure of the Consumer Price Index were revised to correspond to the consumption structure of the year 2005. The first new index, Consumer Price Index 2005=100, for January 2006 was released on 17 February 2006 at 10 am.

Source: Consumer Price Index 2006, January. Statistics Finland

Inquiries: Mr Juhani Pekkarinen +358 9 1734 3476, Ms Mari Ylä-Jarkko +358 9 1734 3310, Mr Timo Koskimäki +358 9 1734 3479, khi.tilastokeskus@stat.fi

Director in charge: Mr Kari Molnar

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Last updated 17.2.2006