Prices and Costs Consumer Price Index, October Inflation 05 per cent in October The year-on-year change in consumer prices calculated by Statistics Finland was 05 per cent in October In September, inflation stood at 08 per cent The drop in inflation from September to October was caused, for example, by a milder rise in fuel prices Inflation indicators in Finland, October Point figure Annual change (%) Monthly change (%) Consumer Price Index 2015=100 3 05-00 Cost-of-living Index 1951:10=100 1931 Harmonised Index of Consumer Prices 2015=100 3 05-00 Harmonised Index of Consumer Prices at Constant Taxes 2015=100 1 04-00 Consumer prices were raised most in October from one year ago by increases in the consumer prices of the vehicle tax, electricity, cigarettes and rents The rising of consumer prices from one year back was curbed most by reductions in the prices of mobile phones and used cars, as well as decreases in housing loan interest rates From September to October, consumer prices changed by -00 per cent Each mid-month, Statistics Finland's interviewers collect altogether around 50,000 prices on nearly 470 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 Helsinki 1411 Quoting is encouraged provided Statistics Finland is acknowledged as the source
According to preliminary data, inflation in the euro area was 14 per cent in October According to the preliminary data on the Harmonised Index of Consumer Prices, the rate of inflation in the euro area was 14 per cent in October In September, it stood at 15 per cent The corresponding figure for Finland was 05 per cent in October 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 Eurostat s estimate of inflation in the euro area is based on preliminary data from the Member States and on the price development of energy Eurostat will publish detailed data on Harmonised Indices of Consumer Prices for October on 16 November Information of inflation in EU countries is available on Eurostat homepage, (http://eceuropaeu/eurostat/web/main) The year-on-year change in the Harmonised Index of Consumer Prices at Constant Taxes was 04 per cent in October The year-on-year change in the Harmonised Index of Consumer Prices stood at 05 per cent in October and that in the Index at Constant Taxes measuring market inflation at 04 per cent Over twelve months, the combined raising impact on consumer prices from changes in commodity tax rates was thus 01 percentage points The month-on-month change in the Harmonised Index of Consumer Prices was -00 per cent and that in the Index at Constant Taxes -00 per cent in October Harmonised Index of Consumer Prices at Constant Taxes The inflation measured by Consumer Price Index consists mainly of products and services priced by enterprises and the public sector, and value added and commodity taxes Some 25 per cent of the private consumption described by the Harmonised Index of Consumer Prices (HICP) consists of value added or other taxes The Harmonised Index of Consumer Prices at Constant Taxes (HICP-CT) is based on the HICP so the two indices have the same weight structure and price data HICP-CT is calculated with a method which holds the tax rate constant relative to the reference period When tax changes take place, the impact of the tax change on commodity prices is eliminated from HICP-CT The price impact of the tax changes is obtained by comparing the development of the HICP and HICP-CT 2
Contents Tables Appendix tables Appendix table 1 Consumer Price Index 2015=100 by commodity groups4 Appendix table 2 Consumer Price Index 2015=100 by commodity groups, monthly and annual changes4 Appendix table 3 Cost-of-living Index 1951:10=1005 Appendix table 4 Year-on-year changes in the Consumer Price Index, per cent7 Appendix table 5 Consumer Price Index 2010=1008 Appendix table 6 Consumer Price Index 2005=1008 Appendix table 7 Harmonised Index of Consumer Prices 2015=100 by commodity groups9 Figures Appendix figures Appendix figure 1 Annual change in the Consumer Price Index and the Harmonised Index of Consumer Prices, January 2001 - October 10 Appendix figure 2 Goods and services with the largest impact on the year-on-year change in the Consumer Price Index, October 10 Appendix figure 3 Annual change in the Harmonised Index of Consumer Prices and the Harmonised Index of Consumer Prices at Constant Taxes, January 2007 - October 11 Appendix figure 4 Harmonised Index of Consumer Price Index 2015=100; Finland, euro area and EU11 3
Appendix tables Appendix table 1 Consumer Price Index 2015=100 by commodity groups January February March April May June July August September October 2016 Annual average 2015 Annual average Commodity group 1) 0 1004 1009 1009 2 1 1 1009 1 3 3 1004 01 972 987 977 979 975 973 973 981 977 980 989 02 7 8 9 8 7 7 5 5 4 5 0 03 945 975 0 1005 1004 978 923 960 991 1002 994 04 6 3 3 4 3 6 8 1023 1024 1025 1005 05 1002 1002 1002 1002 997 981 984 991 989 997 1) 0=Consumer price index, 01=Food and non-alcoholic beverages, 02=Alcoholic beverages and tobacco, 03=Clothing and footwear, 04=Housing, water, electricity, gas and other fuels, 05=Furnishings, household equipment and routine maintenance of the house, 06=Health, 07=Transportation, 08=Communication, 09=Recreation and culture, 10=Education, 11=Restaurants and hotels, 12=Miscellaneous goods and services 06 1061 1062 1062 1108 1109 1108 1102 1 1102 1075 1068 07 8 1025 1022 1026 1020 1025 1029 1021 1026 1023 998 08 991 992 988 999 995 993 994 992 989 990 1008 09 985 989 990 986 986 985 982 978 981 986 994 10 3 3 3 6 6 6 6 6 1051 1051 1023 11 1023 1029 1027 1029 0 7 2 5 0 1 7 12 993 999 1001 1001 1003 1003 997 Appendix table 2 Consumer Price Index 2015=100 by commodity groups, monthly and annual changes Commodity group 0 CONSUMER PRICE INDEX 01 FOOD AND NON-ALCOHOLIC BEVERAGES 02 ALCOHOLIC BEVERAGES AND TOBACCO 03 CLOTHING AND FOOTWEAR 04 HOUSING, WATER, ELECTRICITY, GAS AND OTHER FUELS 05 FURNISHINGS, HOUSEHOLD EQUIPMENT AND ROUTINE HOUSEHOLD MAINTENANCE 06 HEALTH 07 TRANSPORT 08 COMMUNICATION 09 RECREATION AND CULTURE 10 EDUCATION 11 RESTAURANTS AND HOTELS 12 MISCELLANEOUS GOODS AND SERVICES October Weight Monthly change (%) 10000-00 1311 471 462 2501 536 528 1341 248 1114 43 699 746 03 01 12 01-03 -25-03 02 05 00 01-00 Annual change (%) 05-03 26-22 14-12 10 09-11 -05 18 24 02 4
Appendix table 3 Cost-of-living Index 1951:10=100 Ann Avg Dec Nov Oct Sept Aug July June May Apr Mar Feb Jan 1931 1931 1927 1922 1928 1926 1929 1923 1923 1914 1913 1925 1921 1920 1916 1913 1912 1913 1912 1913 1907 1900 1898 2016 1906 1906 1908 1911 1908 1906 1902 1907 1907 1908 1908 1902 1897 2015 1910 1910 1913 1916 1920 1909 1907 1909 1907 1912 1909 1905 1900 2014 1890 1901 1894 1897 1894 1888 1891 1891 1892 1892 1889 1881 1870 2013 1863 1871 1869 1875 1872 1865 1861 1865 1864 1863 1857 1850 1840 2012 1812 1828 1829 1827 1823 1815 1808 1813 1808 1807 1804 1794 1783 2011 1751 1777 1768 1764 1757 1749 1742 1751 1747 1749 1744 1735 1729 2010 1730 1726 1725 1723 1732 1729 1724 1735 1731 1734 1734 1733 1732 2009 1730 1736 1741 1750 1750 1742 1734 1736 1730 1721 1719 1703 1695 2008 1662 1678 1680 1677 1671 1664 1662 1663 1661 1663 1655 1642 1632 2007 1622 1635 1634 1633 1629 1626 1620 1624 1623 1621 1612 1607 1595 2006 1594 1600 1598 1603 1604 1595 1591 1595 1591 1595 1591 1585 1575 2005 1580 1584 1583 1590 1585 1579 1575 1577 1578 1576 1576 1581 1572 2004 1577 1577 1575 1577 1579 1572 1570 1578 1580 1582 1584 1580 1569 2003 1563 1567 1568 1572 1568 1563 1563 1566 1569 1565 1559 1551 1548 2002 1539 1542 1543 1549 1552 1544 1542 1550 1548 1536 1529 1522 1514 2001 1501 1517 1519 1520 1519 1507 1505 1504 1497 1490 1485 1476 1466 2000 1452 1466 1460 1460 1457 1453 1452 1454 1455 1451 1441 1437 1434 1999 1435 1437 1438 1441 1441 1437 1435 1438 1435 1436 1429 1426 1427 1998 1415 1425 1425 1426 1423 1420 1417 1417 1415 1412 5 0 1398 1997 1398 1399 1398 2 0 1397 0 1 1 1398 1396 1394 1390 1996 1390 1387 1389 1393 1393 1391 1393 1394 1390 1389 1388 1387 1383 1995 1376 1383 1385 1389 1388 1385 1382 1382 1368 1368 1365 1362 1357 1994 1361 1361 1362 1364 1362 1359 1361 1364 1366 1365 1360 1359 1354 1993 3 1340 1344 1342 7 2 4 6 3 2 7 3 0 1992 1300 1313 1307 1306 1304 1302 1300 1301 1302 1296 1291 1290 1283 1991 1248 1264 1266 1266 1262 1256 1250 1248 1245 1239 1232 1228 1223 1990 1177 1205 1199 1199 1195 1182 1181 1182 1171 1167 1156 1143 1137 1989 1 1 1123 1120 1119 1109 1106 1107 1 1092 1084 1078 1075 1988 1052 1063 1062 1062 1060 1056 1053 1053 1050 9 4 9 5 1987 5 1025 1024 1024 1021 1021 9 8 3 1009 1005 1003 999 1986 980 992 991 990 989 987 986 985 983 973 968 959 955 1985 925 945 944 944 939 933 929 926 924 914 908 902 898 1984 865 890 891 883 881 876 875 871 860 849 839 834 830 1983 797 823 812 809 806 804 806 800 799 786 780 771 767 1982 729 755 752 752 745 736 734 731 727 717 708 699 693 1981 651 686 682 676 669 660 651 648 645 638 626 620 611 1980 583 604 601 596 593 588 585 582 578 576 571 567 560 1979 544 556 557 554 551 547 545 544 544 536 533 532 526 1978 506 525 524 522 520 518 510 506 500 493 489 482 476 1977 449 469 468 465 460 456 450 442 441 440 436 432 426 1976 392 418 415 411 405 399 394 388 387 383 375 369 364 1975 333 354 353 351 348 340 335 329 328 324 317 314 305 1974 284 303 299 297 295 292 288 280 277 272 269 267 265 1973 254 262 262 260 259 257 256 254 253 251 247 245 242 1972 237 245 244 243 243 241 239 237 233 232 231 229 228 1971 223 225 225 224 224 223 223 222 222 222 221 221 220 1970 5
Ann Avg Dec Nov Oct Sept Aug July June May Apr Mar Feb Jan 217 218 218 218 218 217 217 217 216 216 214 215 215 1969 212 215 215 215 214 213 213 213 211 211 210 207 205 1968 195 203 202 198 197 195 195 194 193 193 192 192 191 1967 185 189 189 188 187 186 185 184 184 183 182 181 181 1966 178 180 180 180 179 179 179 178 177 177 176 175 175 1965 170 174 173 173 172 171 170 170 170 169 167 165 164 1964 154 158 158 158 156 154 154 153 153 153 151 151 150 1963 147 150 150 150 148 148 148 146 146 145 144 143 143 1962 141 142 142 141 1961 138 139 138 138 139 138 138 138 137 136 136 1960 134 136 136 136 134 1959 130 130 129 1958 124 128 127 127 126 125 124 122 122 121 120 120 120 1957 111 118 118 113 113 112 111 110 110 108 108 107 1956 100 100 100 99 99 99 99 98 98 98 1955 98 98 1954 102 102 1953 102 102 102 102 1952 100 100 100 1951 6
Appendix table 4 Year-on-year changes in the Consumer Price Index, per cent Ann Avg Dec Nov Oct Sept Aug July June May Apr Mar Feb Jan 05 08 07 05 07 07 08 08 12 08 04 10 07 05 04 04 05 04 03 03-00 -01 00 2016-02 -02-02 -03-06 -02-02 -01-00 -02-01 -01-02 2015 10 05 10 10 13 11 08 09 08 11 11 13 16 2014 15 16 14 12 12 12 16 14 16 15 17 17 16 2013 28 24 22 26 27 27 29 28 31 31 29 31 32 2012 34 29 34 35 37 38 40 35 33 32 33 33 30 2011 12 29 25 23 14 12 11 09 10 09 06 01-02 2010 00-05 -09-15 -10-07 -06-01 00 08 09 17 22 2009 41 35 36 44 47 47 44 44 42 35 39 37 38 2008 25 26 29 27 26 23 26 24 24 26 26 22 23 2007 16 22 21 18 15 19 19 17 17 13 09 09 08 2006 09 10 09 08 12 10 10 11 08 12 10 02 02 2005 02 04 05 09 04 04 03-01 -01-04 -05 01 02 2004 09 06 05 03 07 06 05 08 07 11 16 19 14 2003 16 17 16 15 10 14 17 11 13 18 18 18 23 2002 26 16 16 19 22 24 25 30 34 30 29 31 33 2001 34 35 40 41 42 38 37 35 29 27 31 27 22 2000 12 20 16 13 11 11 12 11 14 11 08 08 05 1999 14 08 09 11 13 11 11 15 15 18 18 19 19 1998 12 19 19 17 16 16 12 12 10 10 06 04 06 1997 06 08 07 07 05 04 05 04 07 07 06 05 05 1996 10 03 03 03 03 05 08 09 16 15 17 18 19 1995 11 16 17 19 19 19 16 13 02 02 04 03 02 1994 22 15 13 16 18 21 21 21 26 26 27 29 29 1993 26 21 28 27 26 24 26 27 24 28 28 26 29 1992 41 39 33 32 33 36 40 42 46 46 48 50 49 1991 61 49 56 55 56 62 59 56 62 62 65 74 75 1990 66 65 68 71 68 66 67 68 64 69 66 60 58 1989 51 65 59 56 56 52 52 53 51 44 41 41 42 1988 37 37 37 37 39 34 34 35 37 39 39 35 37 1987 36 34 33 35 33 34 33 33 30 37 38 46 45 1986 59 50 49 49 53 58 61 64 64 65 66 64 64 1985 71 61 60 69 66 67 64 64 74 80 81 82 83 1984 84 86 98 91 94 90 85 89 77 80 75 82 82 1983 93 90 79 76 81 93 98 94 98 96 102 107 1982 120 100 113 114 115 126 129 127 125 131 128 135 1981 116 137 135 129 123 113 112 116 107 97 93 89 1980 7
Appendix table 5 Consumer Price Index 2010=100 Ann Avg Dec Nov Oct Sept Aug July June May Apr Mar Feb Jan 1102 1102 1100 1097 1100 1100 1 1098 1098 1092 1092 1099 1096 1096 1094 1092 1091 1092 1092 1092 1089 1085 1083 2016 1088 1088 1089 1091 1089 1088 1086 1088 1088 1089 1089 1086 1083 2015 1090 1090 1092 1094 1096 1090 1088 1090 1089 1091 1090 1087 1085 2014 1079 1085 1081 1083 1081 1078 1079 1080 1080 1080 1078 1074 1067 2013 1063 1068 1067 1070 1069 1064 1062 1064 1064 1064 1060 1056 1050 2012 4 4 4 3 1 6 2 5 2 2 0 1024 8 2011 4 0 1007 1003 998 993 999 997 991 988 2010 Appendix table 6 Consumer Price Index 2005=100 Ann Avg Dec Nov Oct Sept Aug July June May Apr Mar Feb Jan 1209 1209 1207 1204 1207 1206 1208 1205 1205 1199 1198 1206 1203 1203 1200 1198 1198 1198 1198 1198 1195 1190 1189 2016 1194 1194 1195 1197 1195 1194 1191 1194 1194 1195 1195 1191 1188 2015 1196 1196 1198 1200 1202 1196 1194 1195 1195 1198 1196 1193 1190 2014 1184 1191 1186 1188 1187 1182 1184 1185 1185 1185 1183 1178 1171 2013 1167 1172 1170 1174 1173 1168 1166 1168 1167 1167 1163 1159 1152 2012 1135 1145 1145 1145 1142 1137 1 1136 1 1 1130 1124 1117 2011 1097 1113 1107 1105 1100 1096 1091 1097 1094 1095 1092 1087 1083 2010 1083 1081 1080 1079 1085 1083 1080 1087 1084 1086 1086 1086 1085 2009 1083 1087 1091 1096 1096 1091 1086 1088 1084 1078 1076 1067 1062 2008 1 1051 1053 1050 7 2 1 2 0 1 6 1029 1022 2007 6 1024 1023 1023 1020 9 5 7 6 5 0 1007 999 2006 1002 1002 1004 1005 996 999 1002 1001 998 991 2005 8
Appendix table 7 Harmonised Index of Consumer Prices 2015=100 by commodity groups Commodity group 0 CONSUMER PRICE INDEX 01 FOOD AND NON-ALCOHOLIC BEVERAGES 02 ALCOHOLIC BEVERAGES AND TOBACCO 03 CLOTHING AND FOOTWEAR 04 HOUSING, WATER, ELECTRICITY, GAS AND OTHER FUELS 05 FURNISHINGS, HOUSEHOLD EQUIPMENT AND ROUTINE HOUSEHOLD MAINTENANCE 06 HEALTH 07 TRANSPORT 08 COMMUNICATION 09 RECREATION AND CULTURE 10 EDUCATION 11 RESTAURANTS AND HOTELS 12 MISCELLANEOUS GOODS AND SERVICES October HICP HICP-CT Annual change (%) Annual change (%) 1) HICP=Harmonised Index of Consumer Prices, HICP-CT=Harmonised Index of Consumer Prices at Constant Taxes 05-04 26-22 23-12 10 04 08-01 -22 22-12 10 The price impact of the tax changes per year, percentage point 2) The price impact of the tax changes per year=the year-on-year change in HICP-CT (tax rate considered in relation to the reference period) is reduced from the year-on-year change in HICP -00-11 -03 18 24 03-04 -11-03 18 24 03 01-12 28 00 01 00 00 04 00 00 00-00 00 9
Appendix figures Appendix figure 1 Annual change in the Consumer Price Index and the Harmonised Index of Consumer Prices, January 2001 - October Appendix figure 2 Goods and services with the largest impact on the year-on-year change in the Consumer Price Index, October 10
Appendix figure 3 Annual change in the Harmonised Index of Consumer Prices and the Harmonised Index of Consumer Prices at Constant Taxes, January 2007 - October Appendix figure 4 Harmonised Index of Consumer Price Index 2015=100; Finland, euro area and EU 11
Prices and Costs Inquiries Kristiina Nieminen Satu Montonen Director in charge: Ville Vertanen 029 551 2957 029 551 3205 khi@statfi wwwstatfi Source: Consumer Price Index, Statistics Finland Communication and Information Services, Statistics Finland tel +358 29 551 2220 wwwstatfi Publication orders, Edita Publishing Oy tel +358 20 450 05 wwweditapublishingfi ISSN 1796-0479 = Official Statistics of Finland ISSN 1799-0254 (pdf)