Oja: the Impact of Eliminating the Tax Hump on Inflation Will Be Less than Half a Percent

Eesti Rahvusringhääling

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The relatively rapid price increase in the second half of last year was largely due to tax increases, but this year inflation should be slower, said Kaspar Oja, an economist at the Bank of Estonia. According to him, the impact of eliminating the tax hump on price increases will be less than half a percent per year.