Tobacco, energy and rents raised inflation to 0.9% at the end of 2019
Tobacco, rents, electricity and petrol raised inflation rate to 0.9% at the end of 2019.
According to Statistics Finland, the year-on-year change in consumer prices was 0.9% in December. In November, inflation stood at 0.7%. The average inflation rate in 2019 was 1%.
Source: Statistics Finland.
Consumer prices were raised most in December by increases in the prices of electricity, cigarettes, rents and petrol from one year ago.
The rising of consumer prices from one year back was curbed most by reductions in the prices of average interest rate on housing loans, mobile phones and televisions.
From November to December the month-on-month change of consumer prices was 0.1%, which was caused by vegetables being more expensive, for example.
Harmonised Inflation 1.3% in euro area
According to the preliminary data on the Harmonised Index of Consumer Prices, the rate of inflation in the euro area was 1.3% in December. In November, it was 1%. The corresponding figure for Finland was 1.1% in December.
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, the vehicle tax or fishing and hunting fees.
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.