In the last ten years, Latvia has witnessed the biggest and Lithuania the smallest increase in prices in Baltic states. Lately, however, the increase has been lead by Estonia, followed closely by the other two countries.

In one year, the prices of food and non-alcoholic drinks have gone up by 11,5%. Almost all food products have been affected by the rise, announces ERR Radio News.

The Estonian price level has increased a bit more than Latvian and Lithuanian, where food prices have increased by 10,5% and 10,2% accordingly, but as the rise started earlier in Estonia, the other Baltic states are catching up with it.

Viktoria Trasanov, the chairwoman for statistics of price and salary department of the Estonian Statistics, says that even though Estonian prices went up by 11,5% compared to about 10% in other states, the numbers this year differ greatly – food and non-alcoholic drinks witness a rise in prices by 4,3% in Estonia, 6,3% in Latvia and 6,6% in Lithuania, showing a slower tempo in Estonia. 

Source:
http://balticbusinessnews.com