In a noteworthy reversal, Lithuania's Producer Price Index (PPI) registered a 0.30% increase in December 2024, compared to a significant drop of -1.80% observed in November 2024. This marks a positive shift in the country's economic landscape, indicating a potential stabilization in producer prices after months of declining trends.
The new PPI figures were released on January 10, 2025, marking an important update in Lithuania's economic performance. The year-over-year comparison unveils this substantial recovery, providing a sigh of relief to economic experts and policymakers who were grappling with the declining indicator in the previous month.
The PPI measures the average change over time in the selling prices received by domestic producers for their output, and a positive change reflects encouraging signals for the production sector. As Lithuania navigates through the complexities of international market dynamics, these figures underline a positive outlook for its production economy moving forward into the new year.
