Lithuania: Inflation continues to climb in February
March 22, 2017
Consumer prices in Lithuania rose 0.4% in February from the previous month, which was a notch above the 0.3% increase in January. According to the Statistical Institute, the figure mostly reflected higher prices for vegetables, fuels, fruit, other non-electrical appliances, articles and products for personal care and solid fuel.
Inflation came in at 3.0% in February. This was notably above January’s 2.3% and marked the highest reading in over four years. Meanwhile, harmonized inflation (based on the Harmonized Index of Consumer Prices) rose to 3.2% in February from January’s 2.5%, which was the highest increase in prices seen since October 2012. Annual average HICP inflation consequently rose from 0.8% in January to 1.1% in February.
Author: David Ampudia, Economist