Lithuania Inflation September 2016


Inflation holds steady in September

Consumer prices in Lithuania rose 0.6% in September from the previous month, which contrasted the 0.5% drop in August. According to the Statistical Institute, the figure reflected a robust increase in prices for clothing and footwear, which more than offset decreases in transport and healthcare prices.

Inflation in September remained steady at August’s 0.8%, which had marked a four-month high in that month. Harmonized inflation (based on the Harmonized Index of Consumer Prices) came in at 0.6% in September, slightly above August’s 0.5% reading. In addition, annual average HICP inflation increased from a 0.1% reading in August to 0.3% in September.

The Central Bank expects HICP inflation to average 0.7% in 2016 and 1.8% in 2017. FocusEconomics Consensus Forecast panelists expect harmonized inflation to reach 0.9% in 2016, which is unchanged from last month’s estimate. In 2017, the panel sees inflation accelerating to 1.7%.

Author:, Economist

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Lithuania Inflation Chart

Lithuania Inflation September 2016

Note: Year-on-year variation and month-on-month variation of consumer price index in %.
Source: Statistics Lithuania and FocusEconomics calculations.

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