Financial News: Lithuania Inflation Rises To 14-Month High, Trade Deficit

Lithuania Inflation Rises To 14-Month High, Trade Deficit Narrows

01/09/2025 - 03:49:00 (RTTNews)

(RTTNews) - Lithuania's consumer price inflation rose further in December to the highest level in more than a year, figures from the statistical office showed on Thursday.

Separate official data showed that the trade deficit decreased in November as imports fell faster than exports.

The consumer price index rose 2.1 percent year-on-year in December, faster than the 1.3 percent increase in November.

Further, this was the highest inflation rate since October 2023, when prices had risen 2.8 percent.

Prices for consumer goods grew by 0.4 percent, and those for services surged by 6.1 percent.

The annual price growth in food and non-alcoholic beverages accelerated to 1.4 percent in December from 0.5 percent in November. A rebound of 1.1 percent in transport costs also pushed the inflation higher at the end of the year. Meanwhile, housing and utility costs were 3.6 percent less expensive.

On a monthly basis, consumer prices dropped 0.2 percent in December versus a 0.6 percent gain in November.

Separate data from the statistical office showed that the trade deficit narrowed to EUR 417.1 million in November from EUR 546.8 million last year. In October, the shortfall was EUR 387.4 million.

Exports declined 7.2 percent over the year, while imports declined at a comparatively faster pace of 9.5 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Slovenia Business Confidence Improves Slightly (26 min(s), 12 sec(s) ago)
(RTTNews) - Pessimism among Slovenian businesses eased modestly in February as the confidence indi ...Full Story»

Cyprus HICP Inflation Slows In January (01 hr(s), 11 min(s), 12 sec(s) ago)
(RTTNews) - Cyprus' inflation based on the EU measure slowed in January after accelerating in ...Full Story»

Two-Year Note Auction Attracts Below Average Demand (02 hr(s), 23 min(s), 12 sec(s) ago)
(RTTNews) - The Treasury Department announced the results of this month's auction of $69 billi ...Full Story»

Belgium Business Confidence Improves Slightly (05 hr(s), 59 min(s), 12 sec(s) ago)
(RTTNews) - Belgium's business confidence rose somewhat in February amid better business condi ...Full Story»

Malta HICP Inflation Remains Stable At 1.8% (06 hr(s), 35 min(s), 12 sec(s) ago)
(RTTNews) - Malta's EU measure of inflation held steady at the start of the year after easing ...Full Story»

Latvian Jobless Rate Rises In Q4 (07 hr(s), 06 min(s), 12 sec(s) ago)
(RTTNews) - Latvia's unemployment rate increased slightly in the final quarter of 2024 after f ...Full Story»

Poland Retail Sales Expand Most In 8 Months (08 hr(s), 18 min(s), 12 sec(s) ago)
(RTTNews) - Poland's retail sales growth accelerated to the highest level in eight months in J ...Full Story»

Croatia Inflation Climbs To 10-Month High (09 hr(s), 05 min(s), 12 sec(s) ago)
(RTTNews) - Croatia's consumer price inflation accelerated further in January to the highest l ...Full Story»