In December, consumer prices fell 0.2% over the previous month (November: +0.2% month-on-month), which represented the first monthly drop after three consecutive increases. The fall reflects lower prices for clothing and footwear, as well as for transport, which were only partially offset by higher prices for food products and non-alcoholic beverages. Annual headline inflation dropped from 4.4% in November to 3.4% in December, its lowest rate since February 2011. Moreover, annual HICP inflation (based on the harmonized index of consumer prices) fell from 4.4% in November to 3.5% in December. Despite the sharp moderation seen in HICP inflation in December, the trend was stable, with the annual average remaining unchanged at November's 4.1%, which is broadly in line with the Central Bank forecast that had average HICP inflation at 4.2% in 2011. According to its 10 November macroeconomic forecast, the Central Bank expects HICP inflation to average 3.0% in 2012.
Inflation moderates in December
January 10, 2012
Looking for forecasts related to Inflation in Lithuania? Download a sample report now.
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.