Lithuania: Inflation rise in February
March 13, 2019
Consumer prices increased 0.1% from the previous month in February, down slightly from the 0.1% month-on-month increase in January. According to the Statistical Institute, the reading largely reflected higher prices for food and non-alcoholic beverages, as well as for recreation and culture which more than offset lower prices for clothing and footwear, and transport.
Meanwhile, inflation rose to 2.1% in February, from an over two-year low of 1.7% in January. Nevertheless, annual average inflation moderated from 2.5% in January to 2.4% in February, marking a 19-month low. Lastly, harmonized inflation increased from 1.6% in January to 2.0% in February.
Author: Almanas Stanapedis, Economist