Lithuania Inflation

Lithuania

Lithuania: Drop in consumer prices eases in November

December 15, 2015

In November, consumer prices increased 0.3% over the previous month, which was just below the 0.5% increase tallied in October. According to the statistical institute, the result was mainly driven by higher prices for energy and food products.

In annual terms, consumer prices fell 0.4% in November, which was a smaller drop than the 0.7% decrease seen in October. November’s figure, however, marks an eleven-month high. Meanwhile, harmonized consumer prices (based on the Harmonized Index of Consumer Prices) declined 0.5% year-on-year in November (October: -0.4% year-on-year). Annual average HICP inflation inched down from minus 0.6% in September to minus 0.7% in October, the lowest figure since June 2004.

For 2016, the Central Bank expects HICP inflation to average 1.6%. FocusEconomics Consensus Forecast panelists expect harmonized inflation to increase 1.4% in 2016, which is unchanged from last month’s estimate. In 2017, the panel sees inflation accelerating to 2.1%.


Author: Jean-Philippe Pourcelot, Economist

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Lithuania Inflation November 2015

Note: Year-on-year variation and month-on-month variation of consumer price index in %.
Source: Statistics Lithuania and FocusEconomics calculations.


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