(23-04-2023, 10:51 AM)cityhantam Wrote: https://www.worlddata.info/europe/lithua...%2016.6%25.
Inflation rates in Lithuania
The inflation rate for consumer prices in Lithuania moved over the past 29 years between -1.1% and 1,020.6%. For 2021, an inflation rate of 4.7% was calculated.
During the observation period from 1992 to 2021, the average inflation rate was 56.4% per year. Overall, the price increase was 33,534.17%. An item that cost 100 euros in 1992 costs 33,634.17 euros at the beginning of 2022.
For March 2023, the year-over-year inflation rate was 16.6%.
This includes energy (+18.0%) and food (+27.6%).
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Countries like Lithuania will challenge many people's perception of how a "western" country should look like.
I've never been to Lithuania before, but travelled to its supposedly better off Baltic counterpart, Estonia, in 2019. It's really bad, somewhere between Cambodia and Laos in terms of development, but much more expensive because everything is in Euro.
In the capital city Tallin, once you venture outside the small CBD area and the touristy historical old town beside it, the place is pretty run down. Even the main Tallin train terminal was very messy, old and definitely not digitalized. I remembered asking from one local to another, one station staff to another, just to figure out how to buy a ticket and get a train out of Tallin.
There is this small city called Valka which spans across the border of Latvia and Estonia and it was really old and delipidated. The main town square is still bearable, got basic services like painting, road repairs and environmental hygiene as it is a mini tourist attraction, but the moment you walk into the town proper it feels more like an abandoned old mining town and many of the inhabited buildings were in a state of disrepair.
I knew many of these Eastern European countries were not doing well, but when you actually see how backward they are it still is quite a visual shock.