Baltic Household Outlook: Little change in household income 2011

4/13/2011 3:47:00 PM

The latest issue of SEB’s Baltic Household Outlook shows that due to increased inflation, real earnings for Baltic households will rise very slowly or stay unchanged in 2011. Rising food prices is one of the current forces pushing up inflation, and is negatively affecting purchasing power of households. Food in general and also compared with different groups of products remains cheaper in Lithuania than in Estonia or Latvia. The largest increase in food prices was observed in Estonia. But food is still the most expensive in Latvia.

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