Lithuania Inflation November 2016

Lithuania

Lithuania: Inflation inches up in November

December 8, 2016

Consumer prices in Lithuania rose 0.3% in November from the previous month, which was slightly below the 0.5% increase seen in October. According to the Statistical Institute, the figure reflected robust growth in prices for food and non-alcoholic beverages, alcohol and tobacco, and housing and utilities, while the prices of clothing and footwear and transport fell.

Inflation came in at 1.0% in November, which was a minor increase from October’s 0.9% result. Meanwhile, harmonized inflation (based on the Harmonized Index of Consumer Prices) increased to 1.1% in November from October’s 0.7% figure, marking the highest reading in over three years. Annual average HICP inflation also inched up from a 0.4% reading in October to 0.5% in November.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to reach 1.7% in 2017, which is unchanged from last month’s estimate. In 2018, the panel sees inflation accelerating to 2.3%.


Author:, Economist

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Lithuania Inflation Chart


Lithuania Inflation November 2016

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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