Home > Statistics > Consumer price index > 2010 > June > Inflation 0.9 per cent in June

Published: 14 July 2010

Inflation 0.9 per cent in June

The year-on-year change in consumer prices, i.e. inflation, calculated by Statistics Finland slowed down to 0.9 per cent in June. In May it stood at exactly one per cent.

Inflation indicators in Finland, June 2010

	Point figure	Change on one year	Change on one month
Consumer Price Index 2005=100	109,7	0,9 %	0,2 %
Cost-of-living Index 1951:10=100	1 751
Harmonised Index of Consumer Prices 2005=100	110,5	1,3 %	0,2 %
Harmonised Index of Consumer Prices at Constant Taxes 2005=100	110,5	1,7 %	0,2 %

Over the year consumer prices were pushed up most by risen prices of liquid fuels. The rising of prices was also influenced by increases in the prices of owner-occupied dwellings and real estate, restaurant and cafe services, as well as by risen retail prices of alcoholic beverages from last year’s June. Inflation was curbed most in June by fallen food prices and interest rates.

From May to June consumer prices rose by 0.2 per cent.

Each mid-month, Statistics Finland interviewers collect altogether around 50,000 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.

According to preliminary data, inflation in the EMU countries was 1.4 per cent in June

According to the preliminary data on the Harmonised Index of Consumer Prices, the rate of inflation in the EMU countries was 1.4 per cent in June. In May it stood at 1.6 per cent. The corresponding figure for Finland in June was 1.3 per cent.

The Harmonised Index of Consumer Prices does not include owner-occupancy, games of chance, interests on consumption and other credits or levies such as asset transfer tax and the vehicle tax. The consumption items included in the Harmonised Index of Consumer Prices as well as the rules governing its compilation have been defined in EU regulations.

Eurostat’s estimate of inflation in the EMU area is based on preliminary data from EMU Member States and on the price development of energy. Eurostat will publish detailed data on Harmonised Indices of Consumer Prices for June on 14 July.

The year-on-year change in the Harmonised Index of Consumer Prices at Constant Taxes was 1.7 per cent in June

The year-on-year change in the Harmonised Index of Consumer Prices stood at 1.3 per cent in June and that in the Index at Constant Taxes measuring market inflation at 1.7 per cent. Over twelve months, the lowering impact of changes in commodity tax rates was thus 0.4 percentage points. The month-on-month change in both the Harmonised Index of Consumer Prices and in the Index at Constant Taxes was 0.2 per cent in June. No commodity tax changes occurred in June.

In the Index at Constant Taxes the impact of the changes in the value added tax and other commodity taxes on inflation has been eliminated by keeping the taxes constant relative to the index base period. The Index measures market inflation or the change in prices caused by reasons other than changes in commodity taxes. The price impact of the tax changes is obtained by comparing the development of the Harmonised Index of Consumer Prices and that of at Constant Taxes.

Source: Consumer Price Index, Statistics Finland

Inquiries: Juhani Pekkarinen (09) 1734 3476, Antti Halmetoja (09) 1734 3475, khi@stat.fi

Director in charge: Kari Molnar

Consumer price index 2010, June (pdf 243.4 kB)

Tables

Tables in databases

Pick the data you need into tables, view the data as graphs, or download the data for your use.

• Database tables and their variables
• Archived tables

Appendix tables

• Cost-of-living Index 1951:10=100 (14.7.2010)
• Year-on-year changes in the Consumer Price Index (14.7.2010)

---

Updated 14.7.2010