Economist: Households in Latvia spend significantly more on food than the EU average, which is not a good indicator

The structure of household budgets in Latvia differs significantly from the European Union (EU) average — residents allocate a much larger share of their income to basic necessities, especially food. This also reflects a lower standard of living, as a substantial portion of income is spent on essential needs rather than services and other opportunities […] The post Economist: Households in Latvia spend significantly more on food than the EU average, which is not a good indicator appeared first on Baltic News Network.