Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Estonia’s Ligi Says Inflation Acceleration Is ‘Nothing Tragic’

Jan. 18 (Bloomberg) -- Estonian Finance Minister Jurgen Ligi said faster inflation is “nothing tragic” and forecast the pace of price increases to moderate later this year.

“What will happen to inflation depends very much on other countries, on commodity prices in the world market,” Ligi, whose country joined the euro region this year, said in an interview late yesterday after a meeting with European counterparts in Brussels. “It’s not too high.”

Estonian inflation may accelerate to 4 percent this year after averaging 3 percent in 2010, the Finance Ministry said on Jan. 7. The European Central Bank aims to keep inflation just below 2 percent in the 17-member currency union. Estonian central bank Governor Andres Lipstok has said price increases can’t be linked to the adoption of the euro.

“Inflation will come down” later this year “according to our forecasts,” Ligi said.

To contact the reporter on this story: Agnes Lovasz at alovasz@bloomberg.net

To contact the editor responsible for this story: Willy Morris at wmorris@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.