Lithuania Inflation

Lithuania

Lithuania: Annual consumer prices jump back up in October

November 10, 2014

In October, consumer prices increased 0.1% over the previous month, which was down from the 0.4% rise registered in September. According to the statistical institute, the result was driven by higher prices for clothing and footwear, as well for housing and utilities.

Annual prices swung from a 0.1% decrease in September to a 0.1% increase in October. Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) fell from 0.3% in August to a flat reading in September, the latest month for which data are available. Annual average HICP inflation was down from 0.4% in August to 0.3%, 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 Chart


Lithuania Inflation October 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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