Oil pushing up inflation expectations

  • 2012-04-11
  • From wire reports
TALLINN - Estonia’s Finance Ministry raised its 2012 inflation forecast for Estonia as oil prices exceed its estimates, reducing its outlook for consumer-price growth in 2013, reports Bloomberg. Inflation will probably average 3.3 percent this year, compared with a September forecast of 2.8 percent, the ministry, based in Tallinn, said on April 3 in a new economic outlook. Consumer-price growth may slow to 3 percent next year, compared with a previous estimate of 3.1 percent.Rising oil prices are triggering upward revisions to official inflation forecasts, Finance Minister Jue...
 
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