Deflation Risks To Continue Until Devaluation

August 2009
Emerging Europe Monitor: Central Europe & Baltic States;Aug2009, Vol. 16 Issue 8, p10
Country Report
The article presents the economic outlook of Estonia which tackles the deflation of consumer prices in May. It notes that major components of consumer prices remain stable but basic commodities like food and transport prices suffered sharp declines. It mentions that the macroeconomic environment of the country remains in deflation until the government forecast devaluation of the kroon in 2010 to stabilize the consumer price growth in commodities.


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