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Estonia’s inflation picks up pace again

May 14, 2008
Staff and wire reports

TALLINN - The consumer price index rose to an annual rate of 11.4 percent in April, a surprise turnaround after a slight dip in March and a bitter reminder that Estonia is not out of the inflationary woods just yet. The result was even higher than the previous record of 11.3 percent set in February, which many economists had hoped would mark the end of the country’s inflationary spiral. Analysts expressed dismay at the result. “In our estimate the [numbers] should have been significantly s ...


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