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.
Author: Almanas Stanapedis, Economist