International Internet Magazine. Baltic States news & analytics
Saturday, 28.11.2015, 02:28
Statistics Lithuania forecasts that the country this month will record a minus 0.1% EU-harmonized monthly inflation rate, informs LETA/BNS.
Swedbank analysts in Latvia have reduced their inflation forecast for the years 2015 and 2016, reports LETA.
Swedbank has lowered its economic growth forecast for Estonia from 1.9% it offered in August to 1.6% for 2015. The bank is sticking to its Lithuanian GDP growth forecasts of 1.8% for this year, 3.3% for 2016 and 3% for 2017, reports LETA/BNS.
According to the latest data of the Central Statistical Bureau (CSB), compared to October 2014, the average consumer price level in October 2015 (1) declined by 0.2%. Prices of goods decreased by 1.1%, while prices of services grew by 2.3%.
According to Statistics Estonia, the change of the consumer price index in October 2015 was 0.1% compared to September 2015 and -0.6% compared to October of the previous year.
According to governor of the Bank of Estonia, Ardo Hansson, it seems that the quantitative easing (QE) program is working and the eurozone inflation has begun to increase, informs LETA/BNS.
Inflation in 2015 may not reach the previously forecast 0.8%, as representatives of Latvian Finance Ministry said during yesterday’s meeting of the Saeima Economic, Agricultural, Environmental and Regional Policy Committee, reports LETA.