Euro adoption linked to ‘modest’ increase in Estonian inflation
Estonia became the 17th member of the eurozone in 2011
Estonia experienced a "modest" inflation increase as a result of its decision to adopt the euro in 2011, which varied "significantly" across different market segments, according to a working paper published by the European Central Bank (ECB).
In One currency, one price? Euro changeover-related inflation in Estonia, Jaanika Meriküll and Tairi Rõõm say the products that were "relatively cheaper" than the eurozone's average experienced the largest price increases.
"The strongest inflationary
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