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Thursday, 18.04.2024, 06:18
Lithuanian spending on purchases lowest in Baltics
According to the Baltmi
results, the average household spending on food, beverages, non-food products,
tobacco, medical goods, entertainment and fuel stood at 420.14 euros in
Lithuania in December (up by 15% from November), as compared to 422.79 euros in
Latvia (up by 20%) and 535.44 euros in Estonia (up by 25.8%).
"We see that Lithuanians are starting to catch up with
the Latvians. Earlier the difference between average spending used to be
bigger. The reason I see is that our take-home wages is rapidly nearing the
Latvian wages after taxes, and this is possibly reflected in the statistics. It
seems that we will get ahead of Latvia in terms of take-home wages this
year," told Tadas Povilauskas, senior analyst at SEB bank.
In his words, another important thing is that prices for
essential commodities in Latvia remain higher than in Lithuania.
According to Baltmi,
Lithuanian buyers spent an average of 13.04 euros during a single visit to the
store last December, as compared to 11.19 euros in Latvia and 15.66 euros in
Estonia. The sums grew by respective 10.8%, 9.5% and 14% from November.