Lithuania Inflation September 2022

Lithuania

Lithuania: Harmonized inflation comes in at highest level since our records began in September

October 8, 2022

Harmonized inflation rose to 22.5% in September from August’s 21.1%. September's result was the highest inflation rate since our current records began. Looking at the details of the release, housing and utilities prices rose at a quicker pace in September compared to the previous month, while price pressures for transportation eased.

Annual average harmonized inflation rose to 15.9% in September (August: 14.6%). Meanwhile, consumer price inflation rose to 24.1% in September, from August’s 22.4%.

Finally, harmonized consumer prices increased 2.89% from the previous month in September, after August's 0.59% increase.

Our analysts project harmonized inflation to average 17.9% in 2022, which is up 0.6 percentage points from last month’s forecast, and 7.4% in 2023.


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