According to FXStreet.com, "The price of goods and services in Estonia were up an average of 4.5 pct in July
on a year earlier, BNS newswire reported citing the country's
Statistical Office."
"The hike in administratively-regulated prices of goods and services was by 5.7 pct and in non-regulated prices by 4.1 pct. Compared with June, the consumer price index was 0.5 pct higher. Compared with the prior month, the index was affected the most by a rise in the price of motor fuel, housing, vegetables as well as discounts in clothing and footware."
Unless the average inflation rate in the EU rises to at least 3% in 2007 it looks like Estonia may be shut out of the Euro again in 2008 due to Maastricht Treaty requirements, unless Estonia's economy cools during the same period.
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