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Official: Lithuanian inflation should be lower

Apr 23, 2008
From wire reports

VILNIUS - A central bank official has said that Lithuania’s inflation, currently the third highest in the European Union, should be one-third lower and blamed shoddy economic oversight for the difference. Raimondas Kuodis, director of the Economics Department of the Bank of Lithuania, told a recent conference that the surge in food prices had facilitated about one-half of Lithuania’s current annual inflation rate – 11.4 percent as of March – but the impact of global food prices were the same f ...


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