Experts’ forecasts for the Lithuanian economy are far from optimistic. Economists say that rising inflation and Russia’s war in Ukraine will only further accelerate the rise in food prices and deglobalisation. The construction sector is […]
Lithuania’s Prime Minister Saulius Skvernelis says that people are more sensitive about inflation than they should be, adding that the price hike would not be steep enough to outdo growing salaries. […]
In January consumer prices increased by 0.3% compared with December and were 2.3% higher than a year ago. […]
A survey shows overwhelming public support for a spontaneous boycott action in May when shoppers where urged to avoid major supermarket chains in protest of rising food prices.
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Statisticians expect an overall drop in prices in Lithuania in July, with monthly deflation of 0.5%. Statistics Lithuania says that annual inflation of consumer prices in July may stand at 0.3%, while average annual inflation […]
Members of parliament Naglis Puteikis, Kristupas Krivickas and former Seimas Anti-corruption Commission chairman Ligitas Kernagis are reportedly suing the Lithuanian government and Prime Minister Algirdas Butkevičius for failing to check price rises after the introdiction […]
The combined annual inflation in Lithuania in April was one of the highest among the 28 European Union countries and only lower than in Sweden and Belgium, Eurostat data released on Wednesday shows. “The rate […]
A three-day boycott campaign in protest of retailers raising food praises have been a partial success, organizers say. Lithuania’s major supermarket chains say they served between 3% and 5% fewer shoppers during the boycott. […]
Prices of services in Lithuania rose 4.7% over the last year, according to a report by the country’s statistics agency. […]
Food prices in Lithuanian supermarkets have grown because retailers have increased their margins, according to Prime Minister Algirdas Butkevičius. […]
Lithuania’s consumer price index rose 1.1% in March mirroring rises across the eurozone, up 1.2%, and the EU (up 1%), according to the latest figures from Eurostat. In March, Portugal (2.2%), Italy (2.1% ) and […]
Wage growth and domestic consumption is putting inflationary pressure on prices in Lithuania, economists say. Annual inflation, which stood at 0.9% in February, could reach 2% by the end of the year. […]
A higher minimum wage, which will increase again in July, will inevitably lead to higher service prices, according to economists. Experts expect inflation to accelerate alongside growing pay. […]
Lithuania’s average monthly inflation, calculated based on the harmonised index of consumer prices (HICP), is projected to be negative and stand at minus 0.2%, compared with prices recorded in November. […]
As many as 65 percent of Lithuanians, most of them younger people (aged 15-34 years), say they are already used to changes after the euro adoption, the latest survey for September has shown. However, compared to February’s survey, considerably more respondents believe that prices of goods and services have gone up after the introduction of the new currency. […]
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