Lithuania Inflation

Lithuania

Lithuania: Annual consumer prices in September fall for first time in four months

October 8, 2014

In September, consumer prices increased 0.4% over the previous month, which contrasted the 0.1% decline registered in August. According to the statistical institute, the increase was driven by much higher prices for clothing and footwear, as well as moderately higher prices for miscellaneous goods and services, education, and food and non-alcoholic beverages.

Annual prices swung from a 0.2% increase in August to a 0.1% decrease in September. The reading marked the lowest level since May. Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) fell from 0.5% in July to 0.3% in August, the latest month for which data are available. Annual average HICP inflation held at 0.4% in August for the second consecutive month, marking the lowest level since September 2004.

The Central Bank expects HICP inflation to average 0.4% in 2014 and 1.2% in 2015. FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 0.9% in 2014, which is down 0.2 percentage points from last month’s estimate. Next year, the panel sees inflation at 1.9%.


Author:, Economist

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Lithuania Inflation September 2014

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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