Lithuania Inflation January 2021

Lithuania

Lithuania: Inflation ticks up in January

February 12, 2021

Consumer prices rose 0.49% from the previous month in January, contrasting the 0.03% fall in December. The figure was largely driven by a rebound in prices for food and quicker price growth for housing.

Inflation rose to 0.3% in January from December´s 0.2%, which had marked the lowest reading since December 2015. Meanwhile, annual average inflation fell to 1.0% in January (December: 1.2%). Lastly, harmonized inflation came in at 0.2% in January, contrasting the 0.1% annual fall in harmonized prices.

FocusEconomics panelists project harmonized inflation to average 1.8% in 2021, which is unchanged from last month’s estimate, and 2.3% in 2022.


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Lithuania Inflation January 2021

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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