Lithuania Inflation October 2018

Lithuania

Lithuania: Inflation accelerates in October

November 9, 2018

Consumer prices rose 0.6% from the previous month in October, down from September’s 1.3% month-on-month increase. According to the Statistical Institute, the reading largely reflected higher prices for clothing, fuels, footwear and heat energy.

Inflation accelerated to a five-month high of 2.9% in October, from 2.5% in September. Nevertheless, annual average inflation edged down to 3.0% in October, from 3.2% in the previous month. Meanwhile, harmonized inflation rose to 2.8% in the same month from 2.4% in September, marking the highest reading since May.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to reach 2.6% in 2019, which is up 0.1 percentage points from last month’s estimate. In 2020, the panel sees inflation slowing to 2.5%.


Author:, Economist

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Lithuania Inflation October 2018

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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