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Wednesday, January 9, 2008

Lithuania Inflation December 2007

Lithuanian's inflation rate rose in December to the highest level in a decade, adding to the general concern that the economy is overheating along with that of Estonia and Latvia. The inflation rate rose to 8.1 percent from 7.8 percent in November, the Vilnius-based statistics office today. Prices rose a monthly 0.5 percent, compared with a monthly gain of 1.1 percent in November.

Food costs, the biggest item in the consumer basket with a 26 percent weighting, rose an annual 15.5 percent in December, the steepest gain of any category in the index. The average inflation rate accelerated to 5.7 percent last year from 3.8 percent in 2006, according to the office.

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