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.
Author: Almanas Stanapedis, Economist