Lithuania: Inflation remains unchanged in November
December 9, 2010
In November, consumer prices remained unchanged over the previous month, which was down from the 0.5% increase recorded in October. Higher prices for food and non-alcoholic beverages (+0.6% month-on-month) as well as for clothing and footwear and for healthcare (both +0.3% mom) helped to offset lower prices for alcoholic beverages and tobacco (-1.3% mom). As a result of the flat monthly reading, annual headline inflation was unchanged at October's 2.7%. Meanwhile, annual average harmonised inflation inched up from October's 0.9% to 1.0%, marking the second increase in the last five months. The Central Bank expects harmonised inflation to average 1.2% in 2010. For 2011, the Central Bank expects inflation to double to 2.3%.
Author: Armando Ciccarelli, Head of Data Solutions