Estonian inflation remains subdued

Aug 12, 2010
Staff and wire reports

The Bank of Estonia estimates that the 2.9 percent year-on-year price growth in July was mostly caused by the increase in food and energy prices, reports Postimees Online. According to the central bank, the year-on-year inflation in the rest of the shopping cart amounted to a modest 0.7 percent. Economist at the Bank of Estonia Martin Lindpere estimated that the economic activity level has been growing since the beginning of the year, but due to the major decline during the previous years ...

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