Lithuania Producer Price Inflation Eases in November

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Lithuania's producer prices increased 23.9% year-on-year in November, after a 28.1% growth in October, figures from Statistics Lithuania (LS) showed on Friday.

Excluding refined petroleum products, producer prices rose 19.4% annually in November, after a 22.3% increase in the preceding month.

Producer prices for products sold on the Lithuanian market surged 37.4% annually in November and prices for products sold on the foreign market gained 13% from a year ago.

On a monthly basis, producer prices declined 1.6% in November, reversing a 1.6% gain in the prior month.

Another data revealed that the EU measure of inflation, the harmonized index for consumer prices or HICP climbed 21.4% yearly in November and rose 0.3% from a month ago.

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