Lithuania inflation continues to climb in February
According to the Statistical Institute, the figure mostly reflected higher prices for vegetables, fuels, fruit, other non-electrical appliances, articles and products for personal care and solid fuel.
Inflation came in at 3.0% in February. This was notably above January’s 2.3% and marked the highest reading in over four years.
Meanwhile, harmonized inflation (based on the Harmonized Index of Consumer Prices) rose to 3.2% in February from January’s 2.5%, which was the highest increase in prices seen since October 2012.
Annual average HICP inflation consequently rose from 0.8% in January to 1.1% in February.
FocusEconomics Consensus Forecast panelists expect harmonized inflation to reach 1.6% in 2017, which is down 0.1 percentage points from last month’s estimate. In 2018, the panel sees inflation accelerating to 2.2%. ■