Lithuanian inflation extends positive 2016 run in July

By bne IntelliNews August 8, 2016

The growth in Lithuania's consumer price index (CPI) persisted in July, although it slowed to 0.5% y/y, data released by Statistics Lithuania on August 8 showed.

Following 12 straight months of deflation in 2015, inflation has remained positive in every month since the start of this year on the back of rising household income and stabilising oil prices. The reading shows inflation slowing down from 0.7% y/y in June. The CPI dropped 0.7% in monthly terms.

Prices increased in most segments in July, with a 6.3% boost in the recreation and culture segment the largest gain, followed by a 6% increase in the hotels and restaurant sector. On the other hand, prices in the transport sector fell 7.1%, remaining the largest drag on headline inflation.

Swedbank expects average annual inflation to finish the year at an average of 1.5% this year and to continue increasing in 2017. That conviction is yet to spread to institutions, however, with the European Commission pitching the likely gain in Lithuanian CPI at just 0.6%.

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Lithuanian industrial production maintains growth track in June

V4, Baltic and SEE states clock up strong new car registrations growth in H1

Growth potential of CEE and SEE halved in crisis decade, says IMF official

Lithuanian industrial production maintains growth track in June

V4, Baltic and SEE states clock up strong new car registrations growth in H1

Growth potential of CEE and SEE halved in crisis decade, says IMF official

Data

Lithuanian industrial production maintains growth track in June

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Lithuanian inflation extends positive 2016 run in July

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Lithuanian industrial production maintains growth track in June

The expansion in June marks the tenth straight month of growth.

Bosnia’s CPI inflation slows to 1% y/y in June

After consumer prices declined in 2016, the International Monetary Fund expects annual average CPI will reverse to inflation of 1.9% in 2017.

Latest data shows Albania's fight against crime and corruption is getting results

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Russia’s statistics agency released a slew of numbers for June and revised the May numbers. The bottom line is while the economy took a hit from the bad weather in May, the recovery is broadly on track and life is starting to look better.

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Lithuanian inflation extends positive 2016 run in July

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Data

The expansion in June marks the tenth straight month of growth.

After consumer prices declined in 2016, the International Monetary Fund expects annual average CPI will reverse to inflation of 1.9% in 2017.

Police step up fight against corruption and organised crime as Tirana aims to start EU accession talks.

The total value of non-government loans went up by 4.4% y/y to €4.6bn at end June, accelerating from 1.5% growth in May.

Russia’s statistics agency released a slew of numbers for June and revised the May numbers. The bottom line is while the economy took a hit from the bad weather in May, the recovery is broadly on track and life is starting to look better.

Newsletters

Most Read

Selected articles from our premium news/views wire IntelliNews Pro

Follow Us On

Reports

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