November 2005
Emerging Europe Monitor: Central Europe & Baltic States;Nov2005, Vol. 12 Issue 11, p10
Country Report
Country Report
The article presents information on the economic conditions of Estonia. The annual inflation rate rose to 4.2% in August from 3.8% in July, reflecting higher petrol prices and increased spending on housing. Underlying inflationary pressures remain strong. Domestic demand shows few signs of moderating in the near term and, according to the central bank, wage rises are beginning to exceed productivity gains. Uncertain oil market developments pose a clear upside risk to the inflation forecasts for this year, though Business Monitor International Ltd. is maintaining their year-end forecast of 3.6%.


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