7.1%, 11.4%, 7.2%. Those were the inflation rates for Estonia, Latvia and Lithuania respectively for September 2007 over the same period last year. All three rates were up from the August 2007 figures and all three rates were up more than the consensus forecasts had predicted. The debate 's on the causes of inflation and how to tackle it 's rages on, also in The Baltic Times, and given this debate I found it timely to produce this short piece, which tries to explain the causes of inflation and their relative importance seen from the perspective of an economist. In other words, an advance ap...
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