Lithuania Producer Price Inflation Slows in December 

Analysis

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Lithuania's producer price index (PPI) increased 20.7% year-on-year in December, after a 23.9% growth in November, figures from Statistics Lithuania (LS) showed on Tuesday.

Excluding refined petroleum products, producer prices rose 17.2% annually in November after a 19.4% increase in the preceding month.

Producer prices for products sold on the local market advanced 30.9% annually in December, and prices for products sold on the foreign market climbed 12.2% from a year ago.

On a monthly basis, producer prices declined 2.2% in December, following a 1.6% drop in the prior month.

Another data revealed that the EU measure of inflation, the harmonized index for consumer prices or HICP, grew 20% yearly in December and rose 0.1% from a month ago. 

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