Lithuania Inflation November 2020

Lithuania

Lithuania: Inflation drops to lowest level since May in November

December 9, 2020

Consumer prices dropped 0.14% over the previous month in November, swinging from October's 0.07% increase. November's result marked the sharpest fall in prices since August. Looking at the details of the release, the reading chiefly reflected sliding prices for food and non-alcoholic beverages.

Inflation dropped to 0.6% in November, which followed October’s 0.7%. November's reading marked the lowest inflation rate since May. In turn, annual average inflation edged down to 1.4% in November (October: 1.5%). Lastly, harmonized inflation edged down to 0.4% from the previous month's 0.5%.

FocusEconomics panelists project harmonized inflation to average 1.8% in 2021, which is down 0.1 percentage points from last month’s forecast, and 2.1% in 2022.


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Lithuania Inflation November 20 20

Note: Year-on-year variation and month-on-month variation of consumer price index in %.
Source: Statistics Lithuania and FocusEconomics Consensus Forecast.


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