Tuesday, December 11, 2007

Inflation rising in Lithuania

Lithuania's average 12-month HICP inflation reaches 5.5 pct in November. Just one more inflating Eastern European country with too much money chasing too few goods.

VILNIUS (Thomson Financial) - Lithuania's average 12-month inflation rate, as measured by the EU Harmonised Index of Consumer Prices (HICP), reached 5.5 pct in November, according to the Statistics Department.

The HICP-measured annual inflation rate in August was 7.9 pct. Both rates measured by HICP exceeded the respective rates estimated under the national standards by 0.1 percentage point.The monthly rate was 1.1 pct in November and coincided with the respective rate estimated under the national standards last month.