Lithuania Inflation November 2019

Lithuania

Lithuania: Inflation ticks up from a three-year low in November

December 10, 2019

Consumer prices were flat on a month-on-month basis in November, following October’s 0.1% uptick. A breakdown of the sub-components showed the reading largely reflected lower prices for recreation and culture, and clothing and footwear, which offset higher prices for utilities. Notably, prices for food and non-alcoholic beverages were flat in November.

Inflation ticked up to 1.7% in November, from a 35-month low of 1.6% in October. Meanwhile, annual average inflation remained unchanged at October’s 2.3%. Lastly, harmonized inflation edged up to 1.7% in November, from 1.5% in October.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 2.2% in 2020, from last month’s estimate. In 2021, the panel sees inflation stable at 2.3%.


Author:, Economist

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Lithuania Inflation November 2019 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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