Lithuania Inflation February 2016

Lithuania

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.

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 February 2017 0

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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