Lithuania Inflation January 2020

Lithuania

Lithuania: Inflation jumps to near two-year high

February 14, 2020

Consumer prices rose 0.4% month-on-month basis in January, accelerating marginally from December’s 0.3% increase. A breakdown of the sub-components showed that the result largely reflected higher prices for housing and utilities, and food and non-alcoholic beverages, which more than offset significantly lower prices for clothing and footwear.

Inflation jumped to 3.0% in the first month of the year, from 2.7% in December, marking the highest reading since February 2018. In turn, annual average inflation ticked up to 2.4% in January, from 2.3% in the previous month.

FocusEconomics panelists expect harmonized inflation to average 2.3% in 2020, up 0.1 percentage points from last month’s estimate. In 2021, the panel sees inflation at 2.2%.


Author:, Economist

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Lithuania Inflation January 20 20 0

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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