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.
Author: Almanas Stanapedis, Economist