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Lithuania Inflation January 2023

Lithuania: Harmonized inflation falls to lowest level since May 2022 in January

Harmonized inflation eased to 18.5% in January from December’s 20.0%. January’s figure marked the softest inflation rate since May 2022. Looking at the details of the release, prices for food and non-alcoholic beverages, housing and utilities, and transportation grew at a weaker rate in January.

Meanwhile, the trend pointed up, with annual average harmonized inflation coming in at 19.3% in January (December: 18.9%). In contrast, consumer price inflation fell to 20.0% in January, from the previous month’s 21.7%.

Lastly, harmonized consumer prices increased 0.63% from the previous month in January, picking up from December’s 0.13% rise. January’s uptick marked the highest reading since October 2022.

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