"Inflation accelerated to 4.2 per cent in May
The year-on-year change in consumer prices, i.e. inflation, calculated by Statistics Finland was 4.2 per cent in May. Increases in the prices of dairy products, vegetables and liquid fuels put inflation up most from April when it stood at 3.5 per cent.
Over the year, consumer prices were pushed up most by risen prices of housing and food. Housing costs went up primarily due to risen energy prices, rents and interest rates. The risen cost of food was due to increases in the prices of dairy and cereal products, and meat. Inflation was also pushed up by increases in the prices of automotive fuels, restaurant and café services and retail prices of alcoholic beverages from last year's May. The rise in consumer prices was curbed most in May by fallen prices of passenger cars, entertainment electronics and computers.
From April to May, consumer prices went up by 0.5 per cent, primarily due to increases in the prices of fuel and dairy products."