"Annual inflation is likely to be close to zero in the spring, with average prices at the same level as a year ago. The trend is pleasing, but many are unhappy for a simple reason: over the past two years, prices for some goods have risen to very high levels, even well above the European Union (EU) average, so it is little consolation that they are no longer rising. For example, since autumn 2021, food products in Lithuania have become more than 40 per cent more expensive. Hence, a one per cent decrease in price is not a sufficient reason for many to celebrate," N. Mačiulis wrote on Facebook on Wednesday morning.
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‘Many experts comment on housing affordability, but it is often limited to the generalisation that affordability is at historic lows or, even worse, housing is unaffordable. So, people stop buying – they still won’t succeed. In fact, the matter is a little more complicated and it is necessary to explain it to buyers looking for a home,’ explains Eglė Savostė, Senior Analyst at Citus, a company of creative real estate projects’ development and placemaking.