Lithuania Inflation October 2021


Lithuania: Inflation comes in at highest level in nearly 13 years in October

November 9, 2021

Consumer prices increased 1.66% over the previous month in October, picking up from the 1.41% increase seen in September and marking the highest result since January 2009. The reading was driven by rising prices for housing and transportation.

Inflation came in at 8.0% in October, which was up from September’s 6.3%. October's reading marked the highest inflation rate since February 2009. Meanwhile, the trend pointed up, with annual average inflation coming in at 3.1% in October (September: 2.5%). Lastly, harmonized inflation rose to 8.2% in October, from September’s 6.4%.

FocusEconomics panelists see harmonized inflation averaging 3.2% in 2022, which is up 0.3 percentage points from last month’s forecast, and 2.4% in 2023.


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Lithuania Inflation Chart

Latvia Inflation October 2021

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Central Statistics Bureau and FocusEconomics Consensus Forecast.

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