In April, consumer prices rose 1.0% over the previous month, matching the outturn recorded in March. The monthly increase was driven by higher prices for clothing and footwear, which added 3.8% over the previous month. Rising prices for food and non-alcoholic beverages (+2.2% month-on-month) as well as for transport (+1.5% mom) also contributed to the strong April print. As a consequence of the monthly increase, annual headline inflation jumped from 3.8% in March to 4.4% in April. Meanwhile, annual average HICP inflation (based on the harmonized index of consumer prices) also continued on its upward trend, rising to 2.5% (March: 2.1%). Meanwhile, the Central Bank raised its 2011 HICP inflation forecast from 2.8% in February to 3.8%, on the back of higher prices for food and energy. In 2012, the Bank expects inflation to accelerate further to 3.9% (February: 3.4%).
Inflation continues to rise in April
May 9, 2011
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Lithuania Economic News
October 21, 2016
In September, Lithuania’s industrial production rose a noteworthy 8.0% from the same month last year, the highest reading in eight months.
October 10, 2016
Consumer prices in Lithuania rose 0.6% in September from the previous month, which contrasted the 0.5% drop in August.
September 21, 2016
In August, Lithuania’s industrial production rose 1.6% over the same month last year.
September 8, 2016
Consumer prices fell 0.5% over the previous month in August, which was slightly above July’s 0.7% drop.
August 30, 2016
GDP rose 1.9% in annual terms in Q2, according to detailed data released by the National Statistics Office on 30 August.