The inflation rate in Finland in May has reached a new high for more than 30 years

Xinhua News Agency, Hernesses, June 14 (Reporter Chen Jing Xu Qian) According to data released by the Finnish Statistics Bureau on the 14th, the inflation rate in Finland rose from 5.7%in April to 7.0%in May, a new high of more than 30 years.

The Finnish Statistics Bureau said that the main reason for the rise in inflation is that power and fuel prices have continued to rise, as well as the rising cost of independent residential maintenance.

The Finnish Chamber of Commerce Chief Economist Yaka Apelquist said on the 14th that the last inflation rate in Finland exceeded 7.0%in February 1990.He said that Finnish companies are currently facing huge cost pressure, and the inflation rate may continue to rise in the short term.

In order to curb the rising inflation, the Finance of the Finnish Treasury announced on the 14th that the benchmark interest rate raised the benchmark interest rate from 0.50%to 0.00%from July 1, until the end of this year.

[Editor in charge: Feng Li]

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