Lithuania Inflation January 2016

Lithuania

Lithuania: Inflation climbs to multi-year high in January

February 14, 2017

Consumer prices in Lithuania rose 0.3% in January from the previous month, which was a notch below the 0.4% increase in December. According to the Statistical Institute, the figure mostly reflected that higher prices in most of the categories were partially offset by a sharp plunge in prices for clothing and footwear.

Inflation came in at 2.3% in January. This was notably above December’s 1.7% and marked the highest reading in four years. Meanwhile, harmonized inflation (based on the Harmonized Index of Consumer Prices) rose to 2.5% in January from December’s 2.0%, which was the highest increase in prices seen since January 2013. Annual average HICP inflation inched up from 0.7% in December to 0.8% in January.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to reach 1.6% in 2017, which is down 0.1 percentage points from last month’s estimate. In 2018, the panel sees inflation accelerating to 2.2%.


Author:, Economist

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Lithuania Inflation January 2017

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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