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.
Author: David Ampudia, Economist