Economic comment: All hail the deflation!
In the last month of 2014 the prices of consumer goods and services declined by 0.3% in annual terms and by 0.6% in monthly terms. On average consumer prices were 0.1% higher in 2014 than in 2013. […]
In the last month of 2014 the prices of consumer goods and services declined by 0.3% in annual terms and by 0.6% in monthly terms. On average consumer prices were 0.1% higher in 2014 than in 2013. […]
In October the prices of consumer goods and services increased by 0.1%, both in annual and in monthly terms. Average annual inflation remained at 0.2% in October and was 1.2 percentage points lower than a year ago. […]
Prices of consumer goods and services increased by 0.4% in September, compared with August, while consumer prices declined by 0.1% in annual terms. Average annual inflation remained at 0.2% in September and was 1.5 percentage points lower than a year ago. […]
Statistics Lithuania has revised up the annual GDP growth numbers from 3.1% to 3.3% for the second quarter of this year (3.1% seasonally and working-day adjusted). Domestic demand remained the main driver of growth, while net exports continued to contribute negatively. […]
In the second quarter of this year annual nominal growth of gross wages accelerated to 4.6%. Meanwhile, real net wages increased by 4.9%, due to increase in non-taxable income threshold as of January 1st. However, the main factors behind rapid wage growth were general economic growth, declining unemployment and an increasingly pronounced shortage of qualified labour force. […]
In the second quarter of this year unemployment declined to 11.2% and was 1.2 percentage points lower than in the previous quarter. Youth unemployment, on the other hand, increased slightly to 21.3%. Long term unemployment declined to 5% and was 0.2 percentage points lower than in the first quarter. […]
Prices of consumer goods and services declined by 0.5% in July, compared with June, but annual inflation accelerated to 0.3%. Average annual inflation was at 0.3% in July – 1.9 percentage points lower than a year ago. […]
According to the flash estimate, in the second quarter of this year annual GDP growth decelerated marginally to 3.1%. Seasonally and working day adjusted quarterly growth was unchanged at 0.7%. After six years GDP has finally reached the pre-crisis level. Estonian economy could reach pre-crisis level next year, while Latvian prospect is a little more distant. […]
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