Rising food and energy prices are pushing more and more EU citizens to their limits.
(Photo: imago stock&people)
Riga A pack of Barilla noodles, 500 grams, can cost just over four euros in Latvia’s capital Riga, depending on the supermarket. A liter of whole milk is available for EUR 1.80, a packet of butter for EUR 2.40. The prices are as high as in Germany, sometimes even higher. And this despite the fact that the average salaries are far below.
Inflation rates within the euro zone are slowly falling again. But in the Baltic states of Estonia, Latvia and Lithuania, inflation is now affecting the economic substance of many people. In Poland and Hungary, too, people are increasingly groaning under the massive increase in the cost of living.
Last autumn it became clear that more and more Estonians are using their savings to offset inflation. In Latvia, private households went deeper into debt in order to still be able to pay their everyday bills. Consumers also took out significantly more credit in Lithuania, where food prices rose by 36 percent in 2022.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue