In October 2007 the percentage change in the export price index was -0.1% compared to September 2007 and 8.5% compared to October 2006. In October 2007 the percentage change in the import price index was 0.7% compared to September 2007 and 3.8% compared to October 2006. This is all now totally unsustainable, and two graphs tell it all.
Hungary, it should be remembered, still has a long hard road out there in front of it, with no easy answers readily to hand, but at least it is one year on into addressing this particular problem. Estonia is yet to start.
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