Ott Ummelas, via Bloomberg Businesweek June 7 (Bloomberg) -- Estonian inflation accelerated in May to the fastest pace in 15 months due mainly to rising oil and food prices, prompting the central bank to warn rapid price growth may hinder the Baltic nation’s recovery.
Consumer prices rose 3 percent from a year earlier, after a 2.9 percent increase in April, the Tallinn-based statistics office said today. The median estimate of three analysts surveyed by Bloomberg was 3.3 percent. Inflation may peak in June and slow in the second half, the Finance Ministry said.
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