Analytics, Inflation, Lithuania, Markets and Companies
International Internet Magazine. Baltic States news & analytics
Thursday, 25.04.2024, 10:15
In November, annual inflation in Lithuania stood at 4.4%
Print versionOver the said period, prices for consumer goods increased by 0.4%, those
for consumer services –remained almost unchanged. The influence of the change
in prices for consumer goods on the overall monthly price change stood at plus
0.294 percentage points, that of the change in prices for consumer services –
at plus 0.002 percentage points.
Prices for consumer goods and services regulated by State and municipal authorities increased by 1.1%, market prices – 0.2%. The influence of the change in prices regulated by State and municipal authorities stood at plus 0.152 percentage points, the influence of the change in market prices stood at plus 0.149 percentage points.
In November 2017, against October, the largest decrease in prices among food products and non-alcoholic beverages was observed for fruit, coffee, tea and cocoa, while the largest increase was recorded for oil and fats.
In the group of goods and services related to housing, water, electricity, gas and other fuels, the price change (prices increased by 1.1%) was determined by an increase in prices for energy goods.
An increase in prices for transport group of goods and services (1.2%) was determined by an increase in prices for fuels.
The change in prices for health care goods and services (prices increased by 0.7%) was determined by an increase in prices for pharmaceuticals and medical services.
For more detailed information on the largest price changes, see Table 1.
Table 1. Largest changes in prices for consumer goods
and services in November 2017, against October
Per cent
|
Categories of goods and services |
Price growth,% |
Categories of goods and services |
Price drop (–),% |
|
Fresh fruit and vegetables |
|||
|
Grapes |
11.8 |
Kiwis |
–31.7 |
|
Tomatoes |
8.7 |
Grapefruit |
–15.0 |
|
Sweet pepper |
8.0 |
Tangerines |
–13.6 |
|
Lettuce (butterhead, crisphead) |
2.9 |
Oranges |
–10.6 |
|
Long cucumbers |
2.2 |
White cabbage |
–8.5 |
|
Beetroot |
1.3 |
Melons |
–7.4 |
|
Spinach |
0.9 |
Potatoes |
–7.3 |
|
Pears |
0.7 |
Carrots |
–5.6 |
|
|
|
Chinese cabbage |
–4.1 |
|
|
|
Leaf lettuce |
–3.7 |
|
|
|
Onions |
–3.4 |
|
|
|
Garlic |
–2.6 |
|
Food products and non-alcoholic beverages (excl.
fresh fruit and vegetables) |
|||
|
Eggs |
5.3 |
Coffee |
–4.3 |
|
Butter and butter products |
4.1 |
Sugar |
–3.6 |
|
Fresh mushrooms |
3.6 |
Cocoa and chocolate powder |
–3.3 |
|
Pasta |
2.8 |
Salted fish |
–2.4 |
|
Edible offal |
2.8 |
Flour |
–2.2 |
|
Kefir |
2.4 |
Nuts |
–2.0 |
|
Fruit and vegetable juice |
2.3 |
Soft drinks |
–1.5 |
|
Dried fruit |
2.1 |
Smoked fish |
–1.3 |
|
Non-food products |
|||
|
Garden tools |
3.5 |
Lightning equipment |
–2.4 |
|
Bicycles |
2.6 |
Products and
materials for the maintenance and repair of the dwelling |
–2.0 |
|
Carpets and rugs |
2.5 |
Small electric accessories |
–2.0 |
|
Cleaning equipment |
2.2 |
Toys |
–1.9 |
|
Other flooring |
1.1 |
Personal hygiene products |
–1.6 |
|
Footwear |
0.8 |
Other personal care goods |
–1.2 |
|
Writing-materials |
0.8 |
Household
cleaning and maintenance products |
–0.6 |
|
Energy goods |
|||
|
Heat energy |
6.4 |
|
|
|
Liquid fuel |
5.1 |
|
|
|
Diesel fuel |
3.6 |
|
|
|
Petrol |
3.5 |
|
|
|
Solid fuel |
1.2 |
|
|
|
Liquefied gas for cars |
0.6 |
|
|
|
Services |
|||
|
Transport insurance |
2.6 |
Passenger transport by air |
–7.2 |
|
Medical services |
1.4 |
Hotels |
–4.6 |
|
Repair of domestic appliances |
1.4 |
Package holidays |
–2.7 |
|
Domestic
services and household services |
1.3 |
Rest houses |
–1.6 |
|
Cultural |
1.2 |
Sanatoriums |
–0.9 |
|
Repair of footwear |
0.7 |
|
|
|
Repair of clothing |
0.7 |
|
|
|
Repair of furniture |
0.7 |
|
|
In November 2017, annual (November 2017, against November 2016) inflation stood at 4.4%.
Annual inflation was mainly influenced by an increase in prices for beer, milk and milk products, cheese and eggs, fuels and lubricants, services of restaurants, cafés and the like, oil and fats, spirits, as well as by a decrease in prices for electricity and pharmaceuticals (see Table 3).
Over the year, prices for consumer goods and services increased by 4 and 5.5% respectively.
In November 2017, against November 2016, prices regulated by State and municipal authorities decreased by 0.5%, while market prices increased by 5.1%.
In November 2017, average annual inflation stood at 3.5%. An increase in average annual inflation has been observed.
Table 2. Changes in prices for consumer goods and services, November 2017
Per cent
|
COICOP divisions of consumer goods and
services |
Relative share (weight) of consumption expenditure
in total consumption expenditure |
Price growth, drop (–) |
|||
|
November 2017, against |
Average annual |
||||
|
October 2017 |
2016 |
||||
|
December |
November |
||||
|
Consumer goods and services |
100.0 |
0.3 |
3.9 |
4.4 |
3.5 |
|
Food products
and non-alcoholic beverages |
22.43 |
–0.3 |
2.9 |
4.8 |
3.5 |
|
Alcoholic
beverages and tobacco products |
9.20 |
0.2 |
13.4 |
10.9 |
10.0 |
|
Clothing and footwear |
7.66 |
0.4 |
3.0 |
1.7 |
0.6 |
|
Housing, water,
electricity, gas and other fuels |
11.76 |
1.1 |
2.7 |
2.3 |
0.6 |
|
Furnishings,
household equipment and routine maintenance of the house |
5.61 |
–0.2 |
0.9 |
0.8 |
1.4 |
|
Health care |
6.70 |
0.7 |
1.6 |
1.4 |
1.1 |
|
Transport |
13.26 |
1.2 |
2.2 |
4.5 |
5.1 |
|
Communications |
3.39 |
0.1 |
1.5 |
0.8 |
–1.2 |
|
Recreation and culture |
7.05 |
–0.1 |
3.6 |
3.9 |
2.8 |
|
Education |
1.70 |
0.0 |
2.4 |
2.4 |
2.5 |
|
Hotels, cafes and restaurants |
4.98 |
0.1 |
7.3 |
8.5 |
7.5 |
|
Miscellaneous goods and services |
6.26 |
–0.3 |
5.8 |
5.6 |
4.9 |
|
Consumer goods |
74.21 |
0.4 |
3.7 |
4.0 |
3.2 |
|
Consumer services |
25.79 |
0.0 |
4.5 |
5.5 |
4.5 |
Table 3. Largest influence on the overall change in
consumer prices over the month by COICOP class of consumer goods and services
|
COICOP classes of consumer goods and services |
Relative share (weight) of consumption expenditure
in total consumption expenditure, % |
Price growth, drop (–), % |
Influence, percentage points |
|
November 2017, against October |
|||
|
Fuels and lubricants |
6.0 |
3.1 |
+0.186 |
|
Heat energy |
2.2 |
6.4 |
+0.133 |
|
Milk and milk
products, cheese, eggs |
4.1 |
1.2 |
+0.051 |
|
Oil and fats |
1.2 |
2.2 |
+0.029 |
|
Solid fuel |
1.6 |
1.2 |
+0.020 |
|
Spirits |
3.1 |
0.6 |
+0.019 |
|
Package holidays |
0.8 |
–2.7 |
–0.023 |
|
Products and
materials for the maintenance and repair of the dwelling |
1.2 |
–2.0 |
–0.024 |
|
Other appliances,
articles and products for personal care |
3.1 |
–1.0 |
–0.031 |
|
Coffee, tea and cocoa |
1.1 |
–3.6 |
–0.038 |
|
Passenger transport by air |
0.6 |
–7.2 |
–0.040 |
|
Fruit |
1.5 |
–4.4 |
–0.069 |
|
November 2017, against November 2016 |
|||
|
Beer |
2.0 |
25.1 |
+0.498 |
|
Milk and milk products,
cheese, eggs |
4.1 |
11.4 |
+0.458 |
|
Fuels and lubricants |
6.0 |
6.5 |
+0.390 |
|
Catering
services of restaurants, cafés and the like |
3.4 |
10.0 |
+0.332 |
|
Fats and oils |
1.2 |
23.3 |
+0.265 |
|
Spirits |
3.1 |
6.2 |
+0.201 |
|
Motor cars |
2.9 |
–0.5 |
–0.016 |
|
Telephone equipment |
0.3 |
–5.8 |
–0.017 |
|
Coffee, tea and cocoa |
1.1 |
–2.6 |
–0.029 |
|
Sewerage collection services |
0.6 |
–6.8 |
–0.043 |
|
Pharmaceuticals |
3.6 |
–2.0 |
–0.072 |
|
Electricity |
2.1 |
–4.9 |
–0.101 |
The overall change in consumer prices is influenced not only by the size of the price change for a certain product but also by the relative share (weight) of expenditure on that product in the total consumption expenditure.
More information on the issue is available in the Database of Indicators.
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