Food prices in Latvia will grow by less than 4% in 2024, Ieva Opmane, economist at the Bank of Latvia, forecast, LSM reports. The price hike will be higher than average inflation but much less than in 2023 and 2022, she said. The rise in food prices will depend on consumer income, energy prices, harvests,…
Estonia’s consumer price index (CPI) rose by 9.2% in 2023, compared to the year before, according to Statistics Estonia, ERR reports. The rise of food and non-alcoholic beverages accounted for almost two fifths of the overall rise in consumer prices. Meanwhile, petrol prices dropped by 7.4% and diesel fuel prices by 10.7% over a year….
The average level of consumer prices in Latvia rose by 3.3% in September 2023, compared to the same period of 2022, according to the Central Statistical Bureau’s data, LSM reports. The rise in food prices accounted for 1.5 percentage points, alcohol and tobacco for 0.6 percentage points, and health care for 0.6 percentage points of…
Estonia’s GDP will decline by 2.2% in 2023 and grow by 1.4% in 2024 and 4% in 2025, according to the Bank of Estonia’s latest forecast, ERR reports. In June 2023, the central bank projected a 1% drop in GDP in 2023 and a growth of 2.4% in 2024. Annual inflation will amount to 9.4%…
Lithuania’s GDP will decline by 1.4% in 2023 and grow by 2.9% in 2024, the International Monetary Fund (IMF) forecasts, BNS reports. The country’s GDP will continue to rise by 2.7% in 2025, by 2.5% in 2026, by 2.2% in 2027, and by 2.1% in 2028, the IMF projects. Annual inflation will slow down to…
Estonia’s real GDP will decline by 2.0% in 2023, according to the Ministry of Finance’s latest forecast, BNS reports. The GDP will grow by 2.7% in 2024, by 3.0% in 2025, by 2.5% in 2026, and by 2.2% in 2027, the ministry projects. Earlier, the ministry expected real GDP to drop by 1.5% in 2023…
The average interest rates on home loans in the Baltic States stood at 5.12% in the second quarter of 2023, which was 3 percentage points higher than in the same period of 2022, ERR reports. The average rate was the highest in 14 years. The Baltic States have the highest mortgage interest rates in the…
Latvia’s average level of consumer prices increased by 6.4% in July 2023, compared to the corresponding period in 2022, according to data from the Central Statistical Bureau, LSM reports. Consumer prices were mainly influenced by the rise in food and non-alcoholic beverage prices and of goods and services related to housing, as well as by…
Estonia’s consumer price index (CPI) rose by 6.4% on year in July 2023, according to data from Statistics Estonia, ERR reports. Prices of goods rose by 8.1% and services by 3.1%. The increase in food and non-alcoholic beverage prices accounted for more than half of the total rise in consumer prices. At the same time,…