Thu, May 8 2008, 09:09 GMT
by Violeta Klyviene
Statistics Estonia has released its consumer price inflation (CPI) figures for April. Despite the significant slowdown in domestic demand, inflation in Estonia reached the unexpectedly high level of 11.4% y/y (1.0% m/m), well above ours and the consensus forecast of 10.5% y/y (0.2% y/y). The main reasons for such high inflation were an increase in housing costs (by 17.4% y/y) mainly due to the rise in the prices of heat energy and a jump in food prices (17.6% y/y).
Published on Thu, May 8 2008, 09:11 GMT
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