Lithuania Inflation December 2020

Lithuania

Lithuania: Inflation plunges to lowest level since December 2015 in December

January 12, 2021

Consumer prices fell 0.03% from the previous month in December, a smaller drop than November's 0.14% drop. The figure was largely driven by a slower fall in prices for food and non-alcoholic beverages. In addition, price pressures for transportation increased.

Inflation dropped to 0.2% in December, below November’s 0.6%. December's figure represented the weakest inflation rate since December 2015. In turn, annual average inflation fell to 1.2% in December (November: 1.4%). Lastly, harmonized prices fell 0.1% on an annual basis in December, which contrasted November's 0.4% increase.

FocusEconomics panelists project harmonized inflation to average 1.8% in 2021, which is unchanged from last month’s estimate, and 2.1% in 2022.


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Lithuania Inflation December 20 20

Note: Year-on-year variation and month-on-month variation of consumer price index in %.
Source: Statistics Lithuania and FocusEconomics Consensus Forecast.


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