Inflation in the Baltics: a warning for the rest of Europe
When inflation reached an almost unthinkable 20 per cent this year in Lithuania, residents in the rural south of the Baltic country began to tighten their belts.
“People are buying less. It’s hard. Everybody is trying harder, wearing what they already have more, shopping less”, says Laima, a 58-year-old woman who sells socks and other clothes from the boot of her car.
Across the main road in Sangrūda, a sleepy village of 200 people close to the border with Poland, it is the same story at the Aibė grocery store. “When the war broke out, people’s purchasing power dropped and they started saving money”, says Gintarė, the 32-year-old cashier.… Seguir leyendo »