The Estonian economy posted its most accelerated inflation in 14 months, Bloomberg reports. Producer prices in the country increased by 0.9 percent in April 2010, the highest the prices have risen since October 2008.
High raw material and fuel costs as well as growing export demand are among the factors contributing to the high price of goods in the country. The European Commission noted on May 10 that Estonia’s progress in reducing its inflation is sustainable, but the European Central Bank said May 12 that Estonia is struggling to keep its inflation under control.
Comments