RisingCosts

Electricity prices soaring in Latvia

The average price of electricity in February 2025 increased by 65% against January’s rate to EUR 151.8 per MWh, representatives of the Enefit company have told the LETA news agency. [..]

Business federation chief: Food prices rising because there are too many stores

Estonia’s rising food prices are partly driven by the large number of stores, said Kai Realo, head of the Estonian Employers’ Confederation board and CEO of Ragn-Sells. Production costs in [..]

Economist predicts higher inflation in Lithuania in 2025

The SEB Bank expects Lithuania’s average annual inflation rate to rise to 3% next year because an increase in excise taxes on fuel in January, as well as anticipated hikes [..]