News2022.12.29 09:46

December inflation at 20% in Lithuania

LRT.lt 2022.12.29 09:46

According to preliminary estimates by Statistics Lithuania, prices in December were 20 percent up compared to a year ago.

Annual inflation was mainly driven by increases in the prices of food and non-alcoholic beverages, housing, water, electricity, gas and other fuel goods and services, and transportation, the statistics service said in a press release on Thursday.

Meanwhile, monthly inflation in December stood at 0.1 percent.

The advance estimate of average annual inflation based on the HICP for December is 18.9 percent, according to Statistics Lithuania.

Inflation in Lithuania peaked in September, when price increases stood at 24.1 percent year-on-year and 2.9 percent month-on-month.

In October, inflation was 23.6 percent and 1.2 percent, respectively, and in November it was 22.9 percent and 0.4 percent.

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