Estonia’s consumer price index (CPI) rose by 9.2% on year in June 2023, according to data from Statistics Estonia, ERR reports. The rise was mostly due to an increase in the price of food and non-alcoholic beverages, which accounted for almost 50% of the total increase of the CPI. The average price of goods was…
While Latvia’s economy is generally resilient and the labour market remains strong with low unemployment, the economy will still face significant fragility in 2023, Martins Kazaks, president of the Bank of Latvia, warned, LSM reports. Speaking in an interview on LTV, Kazaks emphasised the need for economic transformation in order to avoid falling behind other…
The continuing rise in prices in Estonia is driven by the increase in food prices, ERR reports. In June 2023, the growth of prices slowed down to 8.9% compared to the same month last year, according to preliminary data from Statistics Estonia. Compared to May 2023, prices went up by 0.8%, however. In both annual…