Lithuania: Inflation rises in November
December 8, 2011
In November, consumer prices rose 0.2% over the previous month (October: +0.1% month-on-month), which represented the third consecutive monthly increase. The rise reflects higher prices for housing and utilities, as well as for food and soft drinks, which were partially offset by lower prices for clothing and footwear. Annual headline inflation increased from 4.2% in October to 4.4% in November. Annual average HICP inflation (based on the harmonized index of consumer prices) stepped up from 4.2% in October to 4.4% in November. According to its 10 November macroeconomic forecast, the Central Bank expects HICP inflation to end the year at 4.2%, before moderating to 3.0% by the end of 2012.