Rise in service prices in Lithuania could be due to euro, statistics office says

“There are various reasons. Perhaps this could be in part attributed to the euro adoption, because other countries observed a faster rise in service price after the introduction of the euro,” Nadiežda Alejeva, head of the Price Statistics Department at Statistics Lithuania, said at a news conference on Friday.

An increase in wages was among other reasons for the rise in services prices, she said.

Alejeva said that the changeover to the euro had no effect on prices for goods.

Related Post

“Changes in goods prices cannot be linked to the euro adoption. We have had much higher fluctuations in goods prices in previous years,” she said.

Prices for 49 out of 100 products monitored in January rose, 34 fell and 17 remained unchanged.

The statistics office releases data on changes in prices for main goods and services on a monthly basis.

Share

Recent Posts

  • Culture

Lens on Movement: Ukrainian and Lithuanian Photos at Luxembourg’s European Mobility Week

Celebrating the European Mobility Week (16-22 September), the City of Bissen in Luxembourg will present…

3 days ago
  • Economy

Lithuanians will have to open their wallets even wider: goods and services will become more expensive

According to TV3.lt, Swedbank economists raise their GDP growth forecast for Lithuania and believe the…

1 week ago
  • Economy

Janulevičius. Lithuania’s economy looks better than Estonia’s or Latvia’s, but we shouldn’t be happy about it

From Q1 2022 onwards, Estonia has been in a prolonged recession. Yes, we also had…

2 weeks ago
  • Tribune

EMBank’s earnings for the first half of 2024 have increased by over 50%

European Merchant Bank (EMBank), a provider of financial solutions to small and medium-sized businesses, has…

2 weeks ago
  • Latest

Resorting to anger when it should be apologising: experts on Gabrielius Landsbergis

As the debate on the Landsbergis' assets continues in the public sphere, political analysts are…

3 weeks ago
  • Economy

Preliminary housing purchase contract – what not to be afraid of and what to check before signing

A preliminary contract is usually signed when buying a new dwelling directly from the developer…

1 month ago