In March, consumer prices rose 1.0% over the previous month, well above the 0.1% increase recorded in February. In fact, the reading marked the highest monthly increase since January 2010. The monthly increase was driven by higher prices for clothing and footwear, which added 4.9% over the previous month, following the arrival of new collections. Rising prices for transport (+1.9% month-on-month) as well as for food and non-alcoholic beverages (+1.3% mom) also contributed to the strong March print. As a consequence of the pronounced price increase, annual headline inflation jumped from 3.1% in February to 3.8%, beating market expectations of 3.2%. Meanwhile, annual average HICP inflation (based on the harmonized index of consumer prices) stepped up from February's 1.8% to 2.1%. The Central Bank expects HICP inflation to average 2.8% in 2011 and increase to 3.4% in 2012.
Inflation accelerates sharply in March
April 8, 2011
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Lithuania Economic News
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.
August 22, 2016
In July, Lithuania’s industrial production decreased 3.8% over the same month last year.