Lithuania Inflation September 2020

Lithuania

Lithuania: Inflation declines to lowest level since May in September

October 9, 2020

Consumer prices rose 0.40% from the previous month in September, contrasting the 0.19% fall recorded in August. The rebound in price pressures was primarily driven by rising prices for food and non-alcoholic beverages.

Inflation came in at 0.7% in September, below August’s 1.3%. September's figure marked the weakest inflation rate since May. In addition, the trend pointed down mildly, with annual average inflation coming in at 1.6% in September (August: 1.7%). Lastly, harmonized inflation fell to 0.7% from August’s 1.2%.

FocusEconomics panelists project harmonized inflation to average 1.2% in 2020, which is up 0.1 percentage points from last month’s estimate, and 2.1% in 2021, which is unchanged from last month’s forecast.


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Lithuania Inflation September 20 20

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


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