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Inflation pushes up prices for petrol, electricity and smokes

The annual change in consumer prices rose to 1.2 percent at the end of February, according to new data from Statistics Finland. The agency said the change meant that consumers paid more for cigarettes, electricity and vehicle taxes in February than they did one year ago.

Henkilö tankkaa autoa.
Consumers found themselves paying more at the pump in February compared to a year ago. Image: Caroline Blumberg / EPA

Statistics Finland reported Tuesday that inflation in February was 1.2 percent, up from 0.8 percent at the end of January.

The annual change in consumer prices means that people in Finland forked out more money for cigarettes, petrol, vehicle taxes and electricity than they did one year earlier in 2016.

On the flip side of the coin, consumers were able to save on interest rates for mortgage loans and consumer credit. They also paid less for mobile phones.

The state agency noted that preliminary data on the Harmonised Index of Consumer Prices, inflation in the eurozone came in at 2 percent in February, up slightly from 1.8 percent in January.

Adjusted to the harmonized index, the Finnish inflation rate at the end of February was 1.4 percent. The index does not cover owner-occupied homes, lotteries vehicle taxes and certain other items of consumption.

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