Lithuania Inflation December 2016


Lithuania: Inflation jumps in December

January 9, 2017

Consumer prices in Lithuania rose 0.4% in December from the previous month, which was a notch above the 0.3% increase observed in November. According to the Statistical Institute, the figure reflected strong growth in prices for food and non-alcoholic beverages and transport, which more than offset drops in prices for clothing and footwear, and alcoholic beverages and tobacco products.

Inflation came in at 1.7% in December. This was notably above November’s 1.0% figure and marked the highest reading in almost four years. Meanwhile, harmonized inflation (based on the Harmonized Index of Consumer Prices) rose to 2.0% in December from November’s 1.1% figure, which was the highest increase in prices seen since February 2013. Annual average HICP inflation also inched up from a 0.5% reading in November to 0.7% in December.

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 Chart

Lithuania Inflation December 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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