Lithuania inflation rate at 6-month low in November
Lithuaniaʼs annual inflation rate edged down to 0.6% in November from 0.7% in the previous month, data from the Vilnius-based Statistics Lithuania (LS) showed on Tuesday.
It was the lowest inflation since May. Food & non-alcoholic inflation declined to a 22-month low of 0.6% in November from 1.1% in October.
Meanwhile, inflation accelerated for both recreation & culture (0.9%) and alcoholic beverages & tobacco (3.4%), while miscellaneous goods & services inflation was steady (at 2.2%).
In addition, prices fell further for clothing & footwear by 2.8%, while cost for transport dropped by 4.6%.
Prices of housing & utilities also went down by 2.4%. On a monthly basis, consumer prices inched down 0.1% in November, the first monthly decline in three months, after a 0.1% gain in October.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.