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Lithuania Inflation December 2023

Lithuania: Harmonized inflation drops to lowest level since March 2021 in December

Harmonized inflation eased to 1.6% in December, following November’s 2.3%. December’s figure represented the lowest inflation rate since March 2021. Looking at the details of the release, housing and utilities prices fell at a quicker pace in December compared to the previous month, while price pressures for transportation rebounded. Moreover, prices for recreation grew at a more subdued pace.

Annual average harmonized inflation fell to 8.7% in December (November: 10.2%). Meanwhile, consumer price inflation fell to 1.2% in December, from November’s 2.0%.

Lastly, harmonized consumer prices fell 0.60% in December over the previous month, a sharper drop than November’s 0.40% fall. December’s result marked the weakest reading since July 2016.

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