Lithuania: Inflation accelerates in September
October 17, 2018
Consumer prices increased 1.3% from the previous month in September, marking the strongest rise in nearly 10 years (August: -0.4% month-on-month). According to the Statistical Institute, the increase was chiefly driven by higher prices for vegetables, clothing, footwear, heat energy.
Inflation rose from August’s 20-month low of 2.1% to 2.5% in September. Similarly, harmonized inflation jumped from a 21-month low of 1.8% in August to 2.4% in September. Meanwhile, annual average harmonized inflation inched down from 3.1% in August to 3.0% in September.
Lithuania Inflation Forecast
FocusEconomics Consensus Forecast panelists expect harmonized inflation to reach 2.7% in 2019, which is down 0.1 percentage points from last month’s estimate. In 2020, the panel sees inflation slowing to 2.5%.