In Lithuania, food prices are expected to rise

Lithuanians are warned that food prices could rise soon. It's reported by sb.by.

Many buyers are already dissatisfied with prices. “Meat, milk, cottage cheese, butter – everything is more expensive,” said one of the local residents.

It is also reported about the increase in prices for seafood, semi-finished products, beef, ice cream and other products. According to the representative of the data center on agriculture Irma Jankauskene, the price of apples increased by 17 percent.

“Everything we eat has gone up in price. We watch stocks, see where it's cheaper. So we spin, like most of Lithuania, comments a local resident.

Experts believe that food prices will continue to rise due to the rise in energy prices associated with the situation in the Middle East. In October, November, December, I think it will be 3-4 percent (in terms of growth). — BelTA approx. “, — predicts economist of the bank Citadele Alexander Izgorodin.

Energy remains the main source of risk for Lithuania and Europe in the coming months. According to him, gas prices have already increased significantly, but the current level may not be final. “At the moment, I see more bad news and risks than good ones,” he said. Izgorodin noted that the increase in energy prices will be especially noticeable with the onset of the cold season. According to the expert, the increase in the cost of energy will once again accelerate inflation in Lithuania, which may rise to 7-8 percent. In Lithuania will work out a possible evacuation of the population to Poland in emergencies