EMU Remains Out Of Reach

December 2006
Emerging Europe Monitor: Central Europe & Baltic States;Dec2006, Vol. 13 Issue 12, p10
Country Report
Country Report
The article presents an economic outlook for Estonia, as of December 2006. A decrease in the price of motor fuel contributed to a decline in the annual rate of consumer price inflation to 3.8 percent in September from 5.0 percent in August. A decrease in headline inflation could be prevented by a strong demand and a tightening labour market. The government postponed the implementation of price hikes in alcohol, tobacco and fuel for 2007 in order to support efforts to adopt the euro in 2008.


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