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Consumer prices rise slightly in January

The cost of electricity, gas, cigarettes and bank fees rose in January, according to Statistics Finland’s Consumer Price Index.

Avattu tupakka-aski.
Image: Ismo Pekkarinen / AOP

Inflation in January stood at 1.1 percent, according to new figures released on Tuesday by Statistics Finland.

According to the number crunching agency’s newest Consumer Price Index price index, the cost of electricity, gas and cigarettes rose last month while consumers also paid higher bank fees .

On the other hand, the prices of mobile phones, detached homes, televisions and long-distance bus tickets dropped slightly.

Statistics Finland’s figures are based on about 50,000 prices for some 470 commodities.

According to preliminary data, inflation in the euro area was 1.4 per cent in January. In December, it stood at 1.6 per cent. The corresponding figure for Finland was 1.2 per cent in December.

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