Lithuania: Inflation comes in at highest level since June 2008 in January
Consumer prices increased 2.17% from the previous month in January, picking up from the 1.22% increase recorded in December. January’s result marked the sharpest increase in prices since January 2009. The figure was primarily due to rising prices for food and non-alcoholic beverages. In addition, price pressures for housing and utilities increased at a markedly quicker rate.
Inflation came in at 12.4% in January, up from December’s 10.6%. January’s result marked the highest inflation rate since June 2008. Meanwhile, the trend pointed up, with annual average inflation coming in at 5.7% in January (December: 4.7%). Lastly, harmonized inflation rose to 12.3% in January, from December’s 10.7%.