Analysts are revising their inflation forecasts toward a more pessimistic outlook, estimating that inflation may end up around 6 percent for the year, or possibly even higher, “Aktuaalne kaamera” reported.
Triinu Tapver, an analyst with Estonian bank LHV, noted that inflation could even exceed six percent.
She said: “Our estimate at the end of last year was 4.5 percent. It now actually seems to be coming in at above six percent, even 6.2–6.5. It depends on how the issue with customs duties plays out, and how U.S. tariffs affect things.”
“From an Estonian perspective, we top the inflation rankings, and in terms of costliness, we’re reaching – and at times even surpassing – the European average,” Tapver went on.
Analysts note that the likely drivers of inflation are energy and food.
More read: ERR.EE