Lithuanian PPI deflation eases in November

Lithuanian PPI deflation eases in November
By bne IntelliNews December 10, 2019

Lithuanian producer prices fell 2% year on year in November, data released by Statistics Lithuania on December 10 showed.

The indicator’s fall eased from a decline of 4.5% y/y in September but still marked the sixth straight month of PPI deflation. Meanwhile, headline inflation picked up slightly to 1.7% y/y in November, the country’s statistics office said earlier this month. 

The annual decline in the PPI in November was driven by a 1.4% y/y price fall in the most weighted manufacturing segment, compared with a decline of 4.3% y/y in July.

That included a dip of 0.4% y/y in the price of refined petroleum products, compared with a fall of 13.2% y/y in October.

The utility segment saw factory gate prices drop 8.9% y/y in November, versus a reduction of 8.3% y/y the preceding month.

Prices in the mining and quarrying sector dropped 0.6% y/y in November, after a dip of 0.1% y/y in the tenth month.

In the water supply segment, prices fell 4.5% y/y in November, after declining 4.7% in annual terms in October.

In monthly terms, PPI grew 0.5% in November after falling 0.8% month on month in September, data also showed.