hinnakasv
Hinnakasv is an Estonian term that translates to "price increase" or "inflation" in English. It refers to the general rise in the prices of goods and services in an economy over a period of time. When hinnakasv occurs, each unit of currency buys fewer goods and services than it did previously. This leads to a reduction in the purchasing power of money.
Several factors can contribute to hinnakasv. Demand-pull inflation happens when there is more money chasing too
The Central Bank of Estonia, Eesti Pank, monitors inflation and uses monetary policy tools to try and