Lithuania Forecasts January Inflation Will Slow to 2.8%

Lithuanian inflation under European Union methodology will probably slow to 2.8 percent from a year earlier in January compared with 2.9 percent the previous month.

Consumer prices may increase 0.3 percent from December as post-holiday clothing discounts only partially offset rising transportation and food costs, the statistics office, based in the capital, Vilnius, said today on its website.

Lithuania’s 12-month average inflation rate, as measured by the EU’s harmonized consumer-price index, will probably be 3.1 percent in January, down from 3.2 percent in December, the office said.

To contact the reporter on this story: Bryan Bradley in Vilnius at bbradley13@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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