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.
Author: Oliver Reynolds, Economist