Inflation in Lithuania
Lithuania - Inflation
Inflation comes in at highest level in nearly 13 years in October
Consumer prices increased 1.66% over the previous month in October, picking up from the 1.41% increase seen in September and marking the highest result since January 2009. The reading was driven by rising prices for housing and transportation.
Inflation came in at 8.0% in October, which was up from September’s 6.3%. October's reading marked the highest inflation rate since February 2009. Meanwhile, the trend pointed up, with annual average inflation coming in at 3.1% in October (September: 2.5%). Lastly, harmonized inflation rose to 8.2% in October, from September’s 6.4%.
FocusEconomics panelists see harmonized inflation averaging 3.2% in 2022, which is up 0.3 percentage points from last month’s forecast, and 2.4% in 2023.
Lithuania - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.9||0.9||3.7||2.7||2.3|
5 years of economic forecasts for more than 30 economic indicators.
Lithuania Inflation Chart
Source: Statistics Lithuania and FocusEconomics calculations.
|Bond Yield||0.43||0.0 %||Dec 30|
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November 9, 2021
Consumer prices increased 1.66% over the previous month in October, picking up from the 1.41% increase seen in September and marking the highest result since January 2009.
October 29, 2021
GDP rose 4.8% year-on-year in the third quarter of 2021, according to preliminary data.
October 8, 2021
Consumer prices rose 1.41% over the previous month in September, accelerating from the 0.40% increase recorded in August.
September 23, 2021
Industrial output increased 18.1% year-on-year in August (July: +13.5% yoy).
September 22, 2021
Consumer prices rose 0.40% in August over the previous month, a smaller increase than July's 0.71% rise.