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Wednesday 08.04.2020 | Name days: Dana, Dans, Danute, Edgars
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Lithuanian efforts to lower supermarket prices yet to bring results

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Worried about high food prices in Lithuanian supermarkets, the country’s government has sought to reduce them with series of measures. Yet, the prices have grown by 3.5 percent over the past six months.

Lithuanian public broadcaster LRT reports that the government has set up a website to compare supermarket prices in 2019, and given institutions more powers to act. For example, the Lithuanian Competition Council can now compare deals between retailers and suppliers.

Skirmantas Malinauskas, an adviser to the Lithuanian Prime Minister Saulius Skvernelis commented: «We hear echoes from retailers that the situation has changed. Maybe it’s because the supermarket chains think that the risk [of manipulating prices] is too big and the abuse [of the market position] has decreased. (..) [The measures] paid off, because we have started speaking about transparency» in pricing.

Retailers: Government won’t achieve price cut

Lithuanian retailers argue that government actions cannot lead to lower prices.

Rūta Vainienė, head of Lithuania’s Retailers Association, told LRT that «global factors are at play».

«The demand element is important – we see rising wages, including the minimum wage, which leads to higher purchasing power,» the association chairwoman continued referring to the increase in minimum monthly wage in Lithuania planned by 9.4% to EUR 607 before tax, from 2020.

The articled originally appeared on LRT English: https://www.lrt.lt/en/news-in-english/19/1085645/lithuania-s-fight-against-high-supermarket-prices-so-far-ineffective


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  1. Zerry says:

    It’s not just 1:1 with higher salaries. For example Latvia. In Finland the official average salary is around four times higher than in Latvia but many food products are cheaper in Finland.

    • Justs says:

      Time to replant the potato fields because the end game of the E.U. is now beginning – they are going to starve your people to death. Paying German prices on Latvian salaries.

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