Economists project slowdown

Economist Marius Dubnikovas says that rapid price growth remains a story of 2022, with prices predicted to be lower this year. This year Lithuanians should see a number of promotions in shops aimed at selling off goods in individual weeks, the economist projects.

“I believe that the story of rapid price rises is left behind in 2022. At the very end of the year we saw a retail contraction by 7%, I mean food, because it is the one all were most nervous about. With the shrinking trade volumes, especially for basic necessities, it is very likely that prices will also start to go down,” Dubnikovas told Žinių radijas on Tuesday.