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 inflation extends positive 2016 run in July

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Inflow to Bourse Istanbul a slight $5.3mn in week ending October 13

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Retail sales were up and incomes continue to recover as Russia’s consumers return as modest force for an economic recovery. Nominal wage gains are slowing as companies get used to the lower inflation environment; and consumers are using more credit

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Lithuanian inflation extends positive 2016 run in July

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Data

Romania was the region’s leader in export growth in the six years since the recent crisis, with annual growth averaging 9%, while numerous other CEE countries saw export growth beat China's both pre and post crisis.

Turkish equities experienced a slight net inflow of $5.3mn in the week ending October 13.

Romanian public debt rose by €5bn in the year ending August 2017, but remain below the 39.4% it hit at the end of 2014 after tripling since before the global recession.

Retail sales were up and incomes continue to recover as Russia’s consumers return as modest force for an economic recovery. Nominal wage gains are slowing as companies get used to the lower inflation environment; and consumers are using more credit

Their leaders are among the fiercest critics of Brussels, but a new poll shows citizens of member states from CEE are more confident in the EU than their home countries.

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Most Read

Selected articles from our premium news/views wire IntelliNews Pro

Follow Us On

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