Lithuania: Harmonized inflation plunges to lowest level since May in December
Harmonized inflation fell to 20.0% in December, following Novembers 21.4%. December’s result represented the lowest inflation rate since May. The moderation was largely broad-based, with lower price pressures recorded for food and non-alcoholic beverages, transportation, and housing and utilities. Moreover, prices for recreation grew at a more subdued pace.
However, the trend pointed up, with annual average harmonized inflation coming in at 18.9% in December (November: 18.1%). Meanwhile, consumer price inflation fell to 21.7% in December, from the previous month’s 22.9%.
Finally, harmonized consumer prices increased 0.13% from the previous month in December, a smaller increase than November’s 0.33% increase. December’s result marked the weakest reading since December 2020.