Home > Statistics > Consumer price index > 2007 > February > Inflation 2.2 per cent in February

Published: 14 March 2007

Inflation 2.2 per cent in February

The year-on-year change in consumer prices, i.e. inflation, calculated by Statistics Finland was 2.2 per cent in February. In January it was 2.3 per cent.

Consumer prices were pushed up most in the year by higher housing costs, above all risen housing loan interest rates, higher prices of owner-occupied flats and real estates and increases in rents and electricity prices. Risen interest rates on consumer credits and increases in the prices of food, phone call charges as well as restaurant and cafe services also had a bearing on inflation. Inflation was curbed most in February by reductions from the year before in the prices of liquid fuels, entertainment electronics and home computers, and reimbursable prescription medicines.

From January to February consumer prices went up by 0.6 per cent, mainly because clothing sales were gradually ending.

Each mid-month, Statistics Finland interviewers collect around 60,000 prices on 497 commodities from approximately 2,700 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 - 2/2007

Index point figures are available here (only in Finnish): Consumer Price Index 2005=100

Source: Consumer Price Index 2007, February. Statistics Finland

Inquiries: Mr Juhani Pekkarinen +358 9 1734 3476, Ms Kati Heikkinen +358 9 1734 3472,
khi.tilastokeskus@stat.fi

Director in charge: Mr Kari Molnar

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Last updated 14.3.2007