Lithuania: Inflation comes in at highest level since September 2008 in December
Consumer prices increased 1.22% in December over the previous month, accelerating from November’s 0.95% rise. December´s figure was primarily driven by increasing prices for food and non-alcoholic beverages. In addition, price pressures for housing and utilities rose at a quicker rate.
Inflation came in at 10.6% in December, which was up from November’s 9.2%. December’s figure marked the highest inflation rate since September 2008. Meanwhile, the trend pointed up, with annual average inflation coming in at 4.7% in December (November: 3.8%). Finally, harmonized inflation rose to 10.7% in December, from the previous month’s 9.3%.