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CORPORATE

Price deflation expected in Lithuania in July

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 […]

Economy

Supermarket boycott begins as Lithuanians hit back at rising prices

Lithuanian consumers outraged at spiking food prices are starting a three-day boycott of supermarkets on Tuesday. Industry experts say, however, that the initiative will not have much of an impact. […]

Economy

Lithuanian economists predict hike in inflation

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. […]

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Economy

Most Lithuanians feel price hikes after euro adoption

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. […]

International Monetary Fund
Economy

IMF calls Lithuania’s economic comeback impressive

On 28 May, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Lithuania. It considered and endorsed the staff appraisal without a meeting, the organisation reports. […]