Lithuania Inflation December 2019

Lithuania

Lithuania: Inflation jumps to five-month high in December

January 10, 2020

Consumer prices rose 0.3% month-on-month basis in December, following November’s flat reading. A breakdown of the sub-components showed the uptick largely reflected higher prices for transport, recreation and culture, and utilities which more than offset lower prices for clothing and footwear. Additionally, prices for food and non-alcoholic beverages dipped slightly in December.



Inflation jumped to a five-month high of 2.7% in December, from 1.7% in November. Meanwhile, annual average inflation remained unchanged at 2.3% where it has been since October. Lastly, harmonized inflation shot up to 2.7% in December, from 1.7% in the previous month.

FocusEconomics panelists expect harmonized inflation to average 2.2% in 2020, unchanged from last month’s estimate. In 2021, the panel sees inflation at 2.3%.


Author:, Economist

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Lithuania Inflation December 2019

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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