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Lithuania inflation continues to climb in February

Staff Writer |
Consumer prices in Lithuania rose 0.4% in February from the previous month, which was a notch above the 0.3% increase in January.

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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%.

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